South Korean Financial Group Mirae Asset Eyes Acquisition of Crypto Exchange Korbit
Mirae Asset, a Seoul-based financial group providing asset management, wealth management, investment banking, and insurance services, is reportedly in talks to acquire a 92% stake in Korbit, a South Korean cryptocurrency exchange, for up to 140 billion won (approximately $97 million).
The Korea Times first reported the discussions, citing unnamed industry officials, though neither Mirae Asset nor Korbit has commented on the matter.
Korbit ranks as the fourth-largest crypto exchange in South Korea by trading volume, with a 24-hour volume of about $11.8 million. This is substantially lower than the largest exchanges such as Upbit, which reports $1.2 billion, and Bithumb, with $475 million; Coinone holds the third position with $58 million.
This potential acquisition would mark Mirae Asset's first move into the cryptocurrency sector. The firm's founder, Park Hyeon-joo, has previously emphasized the opportunities in connecting traditional and digital assets.
