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Easing obstacles to Naver-Dunamu merger…Regulatory Reform Commission recommends improving enforcement decree of the Special Financial Transactions Act

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Key summary

2 min read
  1. South Korea’s presidential regulatory reform committee urged the Financial Services Commission to add exceptions to revised anti-money-laundering rules.

  2. The move would ease major shareholder screening for virtual asset firms, helping address concerns that the draft could block Naver’s planned Dunamu acquisition.

  3. The draft had raised worries that tighter compliance rules under the special financial law could become a major hurdle for the deal.

  4. If adopted, the recommendation could reduce regulatory friction for Naver Financial’s push to buy Dunamu.

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