South Korea Orders Dunamu to Amend Disclosure on Stock Swap with Naver Financial

South Korea's Financial Supervisory Service has instructed Dunamu to revise its public disclosure regarding a comprehensive stock swap and transfer with Naver Financial. According to NS3.AI, the regulator highlighted that Dunamu's report contained significant omissions or false statements concerning future corporate restructuring plans and other matters crucial to investment decisions. In November, Dunamu announced that the plan would result in it becoming a wholly owned subsidiary of Naver Financial, with current shareholders receiving shares in Naver Financial.