Mirae Asset to Buy Controlling Stake at Korea’s Korbit Exchange for $93M

Mirae Asset Takes Over Korbit in $93M Move While Regulators Tighten Control

TL;DR Mirae Asset will buy 92% of Korbit for $93 million in cash, acquire the stakes held by Nexon and SK Planet, and integrate it as a financial subsidiary. The regulator is preparing new rules after a Bithumb incident, including real-time reconciliations, external audits, and liability for technical failures. Banks are reviewing contracts with exchanges and Upbit’s volume fell from $10 billion to $755 million while the local stock market hits…

Mirae Asset’s $92M Korbit Takeover Signals Strategic Push Into Korea’s Tokenized Market

Mirae Asset, South Korea’s largest securities firm, has agreed to acquire crypto exchange Korbit for $92 million. This positions the firm in the country’s emerging tokenized securities market. The deal, conducted through a subsidiary to comply with regulatory constraints on direct ownership, reflects the company’s effort to connect traditional brokerage, digital bonds, tokenized securities (STOs), and exchange infrastructure. Mirae Asset aims to…

Mirae Asset Consulting to buy 92% of Korbit, pending KFTC

Mirae Asset Korbit acquisition, Korea Fair Trade Commission approval, FIU AML fine: KFTC sign-off is a closing condition; the fine informs due diligence.

Mirae Asset to Buy 92% Stake in Korbit for $93M

Mirae Asset Consulting, an affiliate of South Korea’s Mirae Asset Group, is moving to take control of local crypto exchange Korbit. In a regulatory filing, the company agreed to acquire 26.9 million Korbit shares for 133.48 billion won, roughly $93 million, securing a 92.06% ownership stake in the exchange. The purchase will be paid entirely in cash, and the deal has the board’s approval as of February 5. Completion is expected within seven busi…

Mirae Asset to Buy Controlling Stake at Korea’s Korbit Exchange for $93M

South Korea’s Mirae Asset Group moves into crypto exchange ownership through a $93 million cash deal for Korbit, with closing pending regulatory conditions.