According to South Korea's Fair Trade Commission, today (November 10) the regulator opened a review of Naver Financial and Dunamu's merger, issuing remedial measures to address competition concerns in the emerging Korean won stablecoin market. The move marks a rare instance where regulators assess competitive restrictions in a market that has not yet formed. The KFTC identified 10 relevant markets for the combined entity, with 4 out of 12 merger combinations involving Korean won stablecoin concerns. The proposed remedial measures require equal treatment of competing businesses and restrictions on certain business practices to prevent competitor exclusion across digital asset exchanges, online payment services, and securities brokerage sectors. The regulator aims to complete full deliberation by year-end.

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