Mirae Asset agrees to buy 92% stake in Korean exchange Korbit for $93M

Mirae Asset has reached a definitive agreement to acquire a 92% controlling stake in Korbit, one of South Korea’s oldest and most prominent cryptocurrency exchanges, for a total of $93 million. This strategic acquisition marks a major move by the financial services giant into the digital asset industry, highlighting its commitment to expanding its fintech capabilities. By securing a majority stake, Mirae Asset is positioned to integrate Korbit’s established blockchain infrastructure into its broader investment ecosystem. The deal comes at a time of increasing institutional interest in the South Korean crypto market, which is known for its rigorous regulatory environment and high retail trading volume.

Source: Mirae Asset agrees to buy 92% stake in Korean exchange Korbit for $93M