Dunamu Inc. Founders Agree to Sell to Naver's Fintech Unit

According to ChainCatcher, South Korea's largest cryptocurrency exchange, Dunamu Inc., is set to be sold to the fintech division of Naver Corp. Founders Song Chi-hyung and Kim Hyoung-nyon agreed to the all-stock transaction last week. Bloomberg Billionaires Index reports that in this $13.6 billion merger, Song Chi-hyung will receive a 19% stake in the combined entity, valued at $2.7 billion, while Kim Hyoung-nyon will obtain a 10% stake, worth $1.4 billion. This deal propels both founders into the ranks of the world's wealthiest individuals.