HYBE has decided to contribute its entire 2.47% stake in Dunamu to its wholly-owned subsidiary HYBE Americas Inc. (HBA) as an in-kind investment. HYBE announced this on the 27th through a disclosure titled 'Decision to Dispose of Shares and Investment Securities of Other Entities.' The disposal amount is approximately 378.2 billion won, equivalent to 10.65% of HYBE's equity capital.

■ Transaction Structure: HYBE to Receive New HBA Shares in Return for In-Kind Contribution

According to the disclosure, the disposal covers 861,004 common shares of Dunamu. The disposal amount is 378,197,729,008 won, and once the disposal is completed, HYBE will no longer directly hold any Dunamu shares. HYBE will receive newly issued common shares of HBA in return for the in-kind contribution. HYBE explained that the purpose of the transaction is 'the transfer of the management entity to establish an efficient management system for investment assets.'

■ Scheduled Disposal Date Is November 30, 2026... Subject to Change Depending on Precedent Conditions

The scheduled disposal date is November 30, 2026. However, it may change depending on the timeline for satisfying precedent conditions, such as obtaining approval for the securities acquisition report from the Bank of Korea, and the company plans to file a corrective disclosure once the disposal date is confirmed.

■ Linked to Stock Swap with Naver Financial... HBA's Holdings to Be Converted

Notably, the Dunamu shares being contributed in kind are subject to the comprehensive stock swap between Dunamu and Naver Financial scheduled for March 2027. Once the stock swap is completed, HBA will hold Naver Financial shares in place of Dunamu shares.

■ Reference: Dunamu's Performance Based on 2025 Consolidated Financial Statements

According to Dunamu's 2025 consolidated financial statements, revenue was reported at 1,557,760,166,552 won and net income at 708,885,660,928 won. For the same period, total assets amounted to 13,172,595,576,448 won and total equity to 6,202,116,742,132 won.

Meanwhile, HYBE resolved the share disposal at a board meeting on October 27 and delegated the details related to the execution of the transaction to the CEO.