Mirae Asset to Acquire South Korean Cryptocurrency Exchange Korbit for Around $100 Million

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December 28 – Mirae Asset, a South Korean financial group, is in talks to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, according to Cointelegraph. The transaction is valued at roughly 100 billion to 140 billion South Korean won (about $70 million to $100 million). The potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has signed a memorandum of understanding (MOU) with Korbit’s major shareholders. Public records show Korbit is currently held by NXC and its subsidiary Simple Capital Futures (60.5% stake) and SK Square (31.5% stake). Korbit’s full operating license and compliance framework make it attractive to large financial groups seeking compliant entry into the digital asset space.

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