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Economy

Naver Pay–Upbit merger: Korea's antitrust staff see competition risks, even in a won stablecoin that doesn't exist yet

Upbit and Naver Pay are in different businesses, yet Korea's competition watchdog says putting them under one roof could reduce competition. It even weighed a won stablecoin market that does not exist yet. Still, the plan on the table is conditions, not a ban.

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