Mirae Asset Group is pursuing the acquisition of Korbit, Korea’s fourth-largest crypto exchange, at a price between 100 and 140 billion won. The deal would shift ownership of Korbit as market dynamics in Korea’s crypto space evolve. The transaction underscores Mirae Asset’s push to expand into digital assets. The deal remains subject to regulatory approval and final terms.
Mirae Asset Consulting has reached an MOU with Korbit’s major shareholders, signaling the strategic nature of the move. NXC, the holding company of Nexon, owns about 60.5% through Simple Capital Futures, and SK Square owns roughly 31.5%. Korbit accounts for about 0.5% of Korea’s crypto trading, while Upbit holds around 64.2%. The leading trading positions are Upbit and Bithumb, with Coinone in third place.
The MOU represents the contract’s initial phase, with final terms requiring approval by both NXC and SK Square. The deal remains contingent on regulatory clearance and other conditions. Mirae Asset Consulting leads the talks, and industry observers closely monitor the development. Korbit’s smaller market share could present growth opportunities amid intensifying competition.
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