Mirae Asset to acquire 92% stake in crypto exchange Korbit for $92 million

Mirae Asset Financial Group will acquire a 92% controlling stake in crypto exchange Korbit for about $92 million, aiming to “secure future growth momentum based on digital assets.”

The group’s consulting arm agreed to buy 26,9 million shares for 133,5 billion won, making it the majority owner after the deal closes, subject to regulatory approval. Shares are being purchased mainly from prior major holders including NXC, parent of game company Nexon, and subsidiaries of SK Group such as SK Planet.

Korbit ranks as South Korea’s fourth-largest crypto exchange by trading volume, behind market leader Upbit. Local outlet Yonhap said the acquisition fits Mirae Asset’s “3.0” strategy to expand digital asset integration across its financial services, though upcoming laws could impose ownership caps on exchange shareholders.