Mirae Asset to Acquire 92% Controlling Stake in Korbit for $93 Million

Mirae Asset Consulting has agreed to purchase a 92.06% controlling stake in South Korean cryptocurrency exchange Korbit in a deal valued at approximately 133.48 billion won, or about $93 million. The transaction involves the acquisition of 26.9 million shares and will be fully funded in cash, according to a regulatory filing. The company’s board approved the decision on Feb. 5, and the deal is expected to close within seven business days once standard contractual conditions are fulfilled.

The move signals Mirae Asset’s intention to expand its footprint in the digital asset industry and secure new long-term growth drivers through regulated virtual-asset businesses.

Korbit Financial Recovery and Market Standing

Korbit recently returned to profitability, reporting 8.7 billion won in revenue and 9.8 billion won in net profit in its latest fiscal year, reversing prior losses. The exchange is mainly owned by NXC and its subsidiary Simple Capital Futures, with SK Square also holding a significant stake.

While Korbit maintains full regulatory licensing and compliance infrastructure, its trading activity remains modest compared to domestic leaders. Of roughly $3.64 billion in combined 24-hour trading volume across Korean platforms, Korbit accounts for about $59.9 million, trailing behind dominant exchanges in the market.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.