Naver said in a regulatory filing on March 30 it has postponed by about 3 months the schedule for a shareholder meeting and the transaction closing for a comprehensive share swap involving its subsidiary Naver Financial and Dunamu.

The shareholder meetings at the two companies to vote on the comprehensive share swap agenda have been moved to Aug. 18 from May 22. The transaction closing schedule, including the share swap and transfer, has been revised to Sept. 30 from June 30.

Naver said it is proceeding with related procedures, including approvals. It said it adjusted parts of the schedule to ensure a stable closing by reflecting the approval process and the status of amendments to relevant laws and regulations.

Naver and Dunamu said they deeply agree that creating synergy by combining each other's strengths is crucial to take on a leading challenge toward the global digital asset market in an environment where the digital transformation of finance is accelerating.

They added they will make their best efforts to ensure the process of incorporating the companies through the comprehensive share swap, the first step toward challenging new global businesses based on digital assets, is completed without disruptions.