Mirae Asset eyes Korbit purchase to bridge traditional finance
South Korea’s major financial group Mirae Asset is in talks to acquire the cryptocurrency exchange Korbit. If the parties reach an agreement, the deal will become Mirae Asset’s first move into the crypto sector, aligning with founder Park Hyeon-joo’s strategy to integrate traditional and digital assets.
Reports state that the Seoul-based Mirae Asset Financial Group is negotiating the purchase of 92% of Korbit, with the potential deal valued at around 140 billion KRW (approximately $97 million).
Korbit is currently South Korea’s fourth-largest crypto exchange, with a daily trading volume of about $11.8 million — significantly lower than Upbit’s $1.2 billion and Bithumb’s $475 million.
Nevertheless, Korbit operates fully in compliance with regulatory requirements, and given Mirae Asset’s extensive financial expertise, the acquisition could reshape the dynamics of the Korean crypto market.
Promising prospects under the Mirae umbrella
Mirae Asset manages hundreds of billions of dollars in investments and provides brokerage services, investment advisory, securities trading, investment banking, insurance, and venture financing.
Since Mirae Asset operates in dozens of countries worldwide, including the U.S., U.K., China, and India, with continuous global expansion, a similar growth trajectory could await Korbit. According to Coincu, Korbit’s experience gives it a unique market positioning for growth under a larger financial structure.
As we wrote, Korbit review: Exchange introduces corporate-only trading environment with enhanced security and asset controls
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