Mirae Asset affiliate completes Korbit crypto exchange acquisition, plans near-total control

Mirae Asset Consulting has become Korbit’s largest shareholder after completing its acquisition, with the exchange saying trading and customer asset protections are unchanged.

Korbit, South Korea's first cryptocurrency exchange, has joined the Mirae Asset Group family, marking the first time a traditional Korean financial group's affiliate has taken a controlling stake in a domestic crypto exchange.

Mirae Asset Financial Group is set to take near-complete control of domestic cryptocurrency exchange Korbit as its affiliate Mirae Asset Consulting acquired a 91.73 percent stake on Wednesday and plans to buy the remaining 5.42 percent on Friday, bringing its ownership to 97.15 percent, company officials said Thursday. The additional share purchase will increase Mirae Asset's holdings in Korbit from about 26.9 million shares to some 28.5 million shares, while its cumulative investment in the cryptocurrency exchange will rise from 133.5 billion won ($91 million) to 141.4 billion won. The acquisition came as Mirae Asset Consulting completed the required regulatory filing procedures on July 9. The Fair Trade Commission determined that the acquisition was unlikely to significantly restrict competition in the market, given Korbit's 0.5 percent share of Korea's cryptocurrency trading market in 2025. The deal marks the first time an affiliate of a financial group has acquired control of a domestic cryptocurrency exchange. As part of its mid- to long-term strategy, Mirae Asset Financial Group ai

Mirae Asset also plans to increase its stake from 92.06% to 97.15% through an additional deal later this week, local media reported.