#MiraeAsset Targets #Korbit in $100M Crypto Exchange Deal


South Korean financial giant Mirae Asset Group is negotiating to acquire Korbit, the country's fourth-largest #cryptocurrency exchange, in a deal valued between $70 million and $100 million. The transaction would route through the group's non-financial consulting arm.


Mirae Asset Consulting signed a memorandum of understanding with Korbit's major shareholders, according to local reports from The Chosun Daily. The deal structure appears designed to navigate South Korea's 2017 policy separating financial companies from #crypto businesses.


Korbit is primarily owned by NXC, the holding company for gaming giant Nexon, which controls approximately 60.5% of shares. SK Planet holds an additional 31.5% stake following a 90 billion won investment made in 2021.


Founded in 2013, Korbit was South Korea's first crypto exchange and the world's first $BTC-Korean won trading platform. Despite its early-mover advantage, the exchange currently commands less than 1% of domestic trading volume.

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December 29, 2025 at 2:38 PM