Mirae Asset’s affiliate completes its acquisition of the cryptocurrency exchange Korbit, giving the financial group near-complete control of the domestic trading platform. According to company and local media reports, Mirae Asset Consulting acquires a controlling stake of about 91.73% in Korbit as part of the first step of the deal. The acquisition follows completion of required regulatory filing procedures reported to have been finalized on July 9.
The remaining shares are expected to be purchased later this week. Mirae Asset plans to buy the additional 5.42%, bringing its total ownership to 97.15%. The second purchase is expected to increase the number of shares held from roughly 26.9 million to about 28.5 million, while Mirae Asset’s cumulative investment is projected to rise from 133.5 billion won (about $91 million) to 141.4 billion won.
The Fair Trade Commission determines the transaction is unlikely to significantly restrict competition, citing Korbit’s small share of Korea’s cryptocurrency trading market in 2025 (about 0.5%). The deal is also described as the first time an affiliate of a financial group takes control of a domestic crypto exchange.
