Naver Financial’s timetable to bring Dunamu into its group as a wholly owned subsidiary has been delayed again, pushing the expected completion to year-end. Naver said on Monday it revised its disclosure to change the share swap schedule. The Naver Financial shareholders’ meeting was moved to Nov. 19 from Aug. 18, and the swap date to Dec. 31 from Sept. 30. Related appraisal-rights schedules were also adjusted.

South Korea\'s financial authorities will in principle ban asymmetric duplicate listings that do not take into account the rights of ordinary shareholders in parent companies. To list a subsidiary, the parent board must prepare a shareholder impact assessment and shareholder protection measures, and in some cases obtain shareholder approval. The Financial Services Commission and Korea Exchange began public consultation on rule revisions and new guidelines, including special screening and a requirement for shareholder approval for subsidiaries created through spin-offs.