The Fair Trade Commission said on the 28th that it has received a business combination filing submitted by Naver Financial and Dunamu and will begin a formal review. The two companies are digital operators running simple payment/Fintech and virtual asset platforms, respectively, and the Fair Trade Commission sees the potential impact of this combination as significant.
The Fair Trade Commission views this transaction as a combination between major domestic digital platforms and plans to review how competition across the digital ecosystem may be reshaped. The key question is whether combining the data-driven services the two corporations have accumulated could lead to strengthened market dominance.
The Fair Trade Commission said it plans to comprehensively examine potential restrictions on competition that could arise across finance, virtual assets and online platforms, changes in consumer choice, and the possibility of expanding ancillary services. A Fair Trade Commission official said, "Given the broad scope of the combination, we will closely review various scenarios."