Mirae Asset plans to acquire the South Korean crypto trading platform Korbit for approximately $100 million

On December 28, according to Cointelegraph, South Korean financial group Mirae Asset is in negotiations to acquire Korea’s fourth-largest crypto exchange Korbit, with a transaction valuation of approximately 100 billion to 140 billion KRW (about $70 million to $100 million). The report states that this potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has signed a memorandum of understanding with Korbit’s major shareholders. Public information shows that Korbit is currently owned approximately 60.5% by NXC and its subsidiary Simple Capital Futures, with SK Square holding about 31.5%. The report notes that Korbit holds a full operational license and compliance system, making it attractive to large financial groups seeking to enter the digital asset space in a compliant manner.