US EditionSouth Korean Financial Group Mirae Asset Eyes Crypto Exchange Korbit Acquisition: Report
Mirae Asset aims to secure regulated market access and digital finance integration by acquiring Korbit in a deal valued at about $70–100 million, shareholders to vote in May 2026.
- A memorandum of understanding with Korbit's major shareholders signals advanced negotiations led by Mirae Asset Consulting, with the non-binding deal valued at roughly 100 billion to 140 billion Korean won and a shareholder vote set for May 22, 2026.
- Holding a full operating license and compliance framework, Korbit offers regulated access that banks and asset managers value amid South Korea's strict crypto regulatory framework covering custody and banking.
- Of roughly $1.21 billion in total daily volume across six Korean exchanges, Korbit handled about $5.75 million, well under 1%, while NXC and Simple Capital Futures own about 60.5% and SK Square holds 31.5%.
- Amid a consolidation wave, large groups are treating exchanges as core infrastructure, and the Korbit talks suggest South Korea's largest financial and technology groups view crypto platforms as essential for digital-asset product launches.
- Parallel to the Korbit talks, Naver Financial's planned 15.1 trillion won Dunamu acquisition underlines the trend as investors buy infrastructure, while policymakers weigh compliance reassurance against competition risks.
18 Articles
18 Articles
The Korea Times
Mirae Asset eyes crypto asset exchange Korbit for acquisition
Mirae Asset Financial Group is considering an acquisition of Korbit, the fourth-ranked among Korea’s five digital asset exchanges, sparking speculation that the deal could shake up a market long dominated by Upbit and Bithumb, according to industry officials Monday. The Seoul-based financial group has been centering on traditional finance since its founding in the late 1990s and has no prior involvement in crypto-related businesses. The official…
Mirae Asset Reportedly Acquiring 92% Stake in South Korean Crypto Exchange Korbit
Quick take: The company plans to acquire a 60.5% stake from NXC, Korbit’s largest shareholder, and another 31.5% stake from SK Planet, its second-largest shareholder. Korbit is South Korea’s fourth-largest cryptocurrency exchange platform by volume, with about $11.8 million 24-hour volume. The acquisition talks have sparked speculation that the deal could disrupt the market domination of Upbit and Bithumb in the country. Mirae Asset Financial G…
Mirae Asset Moves on Korbit for Korean Market Expansion
Mirae Asset Group is in talks to buy Korbit in a deal valued between 100B and 140B won ($70M-$100M). The acquisition is focused on Korbit’s full Korean crypto license, not its sub-1% trading share. An MOU with major shareholders signals real intent, though the deal remains non-binding. Mirae Asset Group is in talks to acquire Korbit, one of South Korea’s longest-running cryptocurrency exchanges. For now, the talks remain non-binding and subject …
Mirae Asset in Talks to Acquire Korbit for Up to $100M, Signaling Institutional Shift in South Korea’s Crypto Market
Mirae Asset May Pursue Korbit Acquisition Amid Interest in Legitimized Crypto Infrastructure Mirae Asset in Talks to Buy Korbit, Reflecting Traditional Finance’s Increasing Importance in Korean Crypto Market Mirae Asset Group, a leading financial conglomerate in South Korea, is allegedly engaged in active acquisition talks with Korbit, the fourth-largest cryptocurrency exchange in the country, with plans to buy the company at a price between 100…
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