The financial technology department of Naver Financial, South Korea's largest portal site, will acquire South Korea's largest cryptocurrency exchange Upbit through a stock swap with operator Dunamu. This deal allows Naver to launch a stablecoin pegged to the Korean won and integrate cryptocurrency services with its existing payment platform Naver Pay. Following the announcement, Naver's stock price soared over 11% to 255,000 Korean won, reflecting strong market confidence in its cryptocurrency expansion strategy.