Mirae Asset to Acquire Korbit for $92 Million in Korea’s Crypto Shake-Up

Institutional move as Mirae Asset buys 92% of Korbit for $92 million to spur digital asset growth, executing via its consulting arm to navigate crypto rules.

Rich by Coin

2026-02-15

Mirae Asset will pay $92 million for a 92% stake in Korbit, Korea’s oldest crypto exchange, subject to regulatory approval. Mirae Asset, which manages about $418 billion in assets, said the deal is aimed at securing digital asset-powered future growth. The acquisition will be executed via Mirae Asset Consulting to bypass rules that block direct crypto-industry takeovers. Korbit’s market share has waned in recent years, far behind Upbit’s dominance.

The deal also covers Nexon’s controlling 61% stake and SK Planet’s 31.5% stake in Korbit. Mirae Asset has indicated it will reinvest profits into digital asset growth. Korbit’s market share has dwindled to around 1%, far behind Upbit’s 60-70% share.