South Korea’s Mirae Asset Takes Majority Stake in Korbit Exchange
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Mirae Asset Financial Group acquires 92% of Korbit for $92.27 million, strengthening its presence in the crypto exchange market. The move aligns with its digital asset growth strategy, although regulatory challenges may affect future expansion plans in tokenized finance.
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- Mirae Asset buys 92% of Korbit, gaining majority control of the crypto exchange.
- The move aims to boost growth in digital assets under the Mirae Asset 3.0 strategy.
- Regulatory limits may force divestment despite plans to expand tokenized finance.
South Korean financial powerhouse Mirae Asset Financial Group is acquiring a controlling stake in Korbit, one of the country’s five major cryptocurrency exchanges.
The group’s consulting arm disclosed that it will purchase 26.9 million shares of Korbit for 133.5 billion Korean won ($92.27 million). Following the acquisition, Mirae Asset Consulting will hold 92.06% of Korbit’s shares, securing majority control over the exchange.
The transaction is primarily sourced from previous major shareholders, including NXC, the holding company behind local gaming giant Nexon, and SK Group subsidiaries. It awaits regulatory ap…
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