According to Cointelegraph, Mirae Asset is negotiating to acquire Korbit, South Korea’s fourth-largest crypto exchange, with a reported valuation of KRW 100-140 billion (approximately USD 70-100 million). The potential deal would be led by Mirae Asset Consulting, a non-financial subsidiary of Future Asset Group, which has signed a memorandum of understanding with Korbit’s major shareholders.
Public records indicate Korbit is held by NXC and its subsidiary Simple Capital Futures, together owning about 60.5% of shares, while SK Square holds roughly 31.5%. The exchange maintains a complete operating license and robust compliance framework, traits that attract large financial groups seeking a regulated entry into digital assets.
Should the transaction proceed, Mirae Asset would gain access to a licensed platform and a scalable on-ramp to the Korean crypto market, reinforcing its position in institutional-grade asset management and fintech integration.
Source: https://en.coinotag.com/breakingnews/mirae-asset-eyes-acquisition-of-korbit-south-koreas-fourth-largest-crypto-exchange-valued-at-70-100-million
