South Korea’s Mirae Asset has completed its acquisition of cryptocurrency exchange Korbit. The financial group plans to increase its existing ownership stake from 92.06% to 97.15%.
The acquisition makes Mirae Asset the first financial group in South Korea to acquire a local cryptocurrency exchange.
Mirae Asset Acquires Korbit
Mirae Asset Financial Group is set to take control of South Korean cryptocurrency exchange Korbit through its affiliate, Mirae Asset Consulting. The latter completed the acquisition of the exchange, bringing its stake to 92.06%. Mirae Asset has also submitted a revised regulatory filing to increase its stake to 97.15%. The acquisition raises Mirae Asset’s cumulative investment in the exchange from 133.5 billion won to 141.4 billion won.
South Korea’s Fair Trade Commission approved the deal earlier this month, determining that the acquisition was unlikely to decrease market competitiveness. Korbit had only a 0.5% share of South Korea’s cryptocurrency market as of 2025.
A Global Investment Platform
The acquisition is part of Mirae Asset Financial Group’s mid- to long-term strategy. The group plans to leverage the exchange and develop a global investment platform that encompasses digital assets and traditional finance. Park Hyeon-joo, Mirae Asset Financial Group founder, stated that Korbit will relaunch as Digital X under the group’s Mirae Asset 3.0 vision.
“Digital X will serve as the most powerful engine for realizing Mirae Asset 3.0.”
Meanwhile, Korbit assured existing users that its services will remain unchanged, and user deposits and virtual assets will be held and managed separately. The exchange added that there will be no changes to how it is used or processed.
“Building on Mirae Asset’s stability and financial expertise, we will further strengthen user protection and service competitiveness and continue to grow as a trusted digital asset platform.”
According to CoinGecko, Korbit is South Korea’s fourth-largest cryptocurrency exchange by trading volume, recording around $4.3 million in the past 24 hours. In comparison, Upbit, the country’s largest cryptocurrency exchange, processed over $224 million.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
