According to The Asia Business Daily, due to the delay in South Korea's digital asset legislation, DS Investment Securities has lowered the target price for internet giant NAVER to 300k Korean won and has removed the previously assigned 15 trillion Korean won valuation expectation for its crypto business from the valuation model. Analysts pointed out that because of the slow legislative process, the merger plan between NAVER Financial and crypto exchange operator Dunamu, originally scheduled for September this year, may be further delayed.

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