Chairperson Lee Eog-weon of the Financial Services Commission said on the 20th that the agency would "look into whether an investigation is needed" regarding the sharp rise in stock prices before the merger announcement by Naver and Dunamu.
Lee made the remark at a National Policy Committee audit at the National Assembly that day, responding to a question from Min Byeong-deok, a lawmaker with the Democratic Party of Korea, who said, "They are pushing a blackout merger between Naver and Dunamu."
Min said, "The news about the merger was released at 3 p.m., but Naver's trading volume and stock price jumped starting at 10:40 a.m.," adding, "There are signs of the use of undisclosed information." Lee said, "It is not desirable for such a major matter to unfold this way," and added, "We will look into it, including whether to investigate."
In response, a Naver spokesperson said, "The first report on the Naver–Dunamu merger came out at 10:40 a.m. on Sept. 25, and around 12:20 p.m. that day, Naver issued an official position through a provisional disclosure," adding, "The claim that an official report was published at 3 p.m. is not true."