{"id":5063,"date":"2025-12-29T07:58:43","date_gmt":"2025-12-29T07:58:43","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5063"},"modified":"2025-12-29T07:58:43","modified_gmt":"2025-12-29T07:58:43","slug":"mirae-asset-eyes-korbit-in-potential-100m-crypto-exchange-deal","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5063","title":{"rendered":"Mirae Asset Eyes Korbit in Potential $100M Crypto Exchange Deal"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_c7d7cb731c79c2e7b28c793c1cd3c846\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial giant Mirae Asset Group is in negotiations to acquire Korbit for up to $100 million in a deal aimed at securing a fully licensed entry into the South Korean crypto market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The acquisition is being led by a non-financial affiliate to navigate strict domestic regulations that separate traditional banking from virtual asset businesses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This move follows a massive $10 billion merger between Naver Financial and Upbit\u2019s operator as major traditional firms consolidate power ahead of expected institutional easing.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Global financial company Mirae Asset Group is looking to purchase Korbit, one of South Korea\u2019s largest cryptocurrency exchanges.\u00a0<\/p>\n<p>The deal, according to the press release, is valued at about 100 billion to 140 billion won, The Chosun Daily reported Sunday. The range equates to roughly US$70 million to US$100 million (AU$153 million).<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">According to The Chosun Daily, Mirae Asset Group is in talks to acquire Korbit, South Korea\u2019s fourth-largest crypto exchange. Mirae Asset Consulting has signed an MOU with major shareholders. Korbit is currently ~60.5% owned by NXC and subsidiaries, with SK Square holding ~31.5%.\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2005249091245089037?ref_src=twsrc%5Etfw\">December 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The group is pursuing the transaction through Mirae Asset Consulting, a non-financial affiliate, which has signed a memorandum of understanding (MOU) with Korbit\u2019s major shareholders. Korbit\u2019s largest owner is NXC, the holding company for gaming company Nexon, with about 60.5% of shares. SK Planet holds about 31.5% after investing 90 billion won in 2021.<\/p>\n<p><strong>Related:<\/strong> Analyst Says Forget the Four-Year Cycle, Crypto\u2019s New Reality Is the Ten-Year Grind<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-korea-s-strict-regulatory-approach\">Korea\u2019s Strict Regulatory Approach<\/h3>\n<p>It\u2019s important to note that South Korea\u2019s Financial Services Commission has imposed strict licensing and banking requirements, so there are only a handful of fully licensed exchanges. Acquiring one is often more feasible than obtaining a new license.<\/p>\n<p>Korbit is one of South Korea\u2019s oldest crypto exchanges, launched in 2013, headquartered in Seoul, offering KRW on\/off ramps and spot trading pairs for Koreans. But its market share has since shrunk to below 1% of domestic trading volume, according to CoinGecko.\u00a0<\/p>\n<p>The talks follow a separate consolidation move in the sector after Naver Financial confirmed last month it plans a stock-swap merger with Dunamu, the operator of Upbit, as traditional finance groups seek footholds in licensed crypto infrastructure ahead of expected easing of institutional participation limits.<\/p>\n<p><strong>Read more:<\/strong> Franklin Templeton\u2019s XRP ETF Breaks 100M Tokens, Marking a Major Institutional Milestone<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Crypto Exchange,Mirae Asset Group,South Korea#Mirae #Asset #Eyes #Korbit #Potential #100M #Crypto #Exchange #Deal1766995123<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial giant Mirae Asset Group is in negotiations to acquire Korbit for up to $100 million in a deal aimed at securing a fully licensed entry into the South Korean crypto market. The acquisition is being led by a non-financial affiliate to navigate strict domestic regulations that separate traditional banking from virtual asset businesses. This<\/p>\n","protected":false},"author":1,"featured_media":5064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[233,309,62,431,89,429,430,428,265],"class_list":{"0":"post-5063","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-100m","9":"tag-asset","10":"tag-crypto","11":"tag-deal","12":"tag-exchange","13":"tag-eyes","14":"tag-korbit","15":"tag-mirae","16":"tag-potential"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mirae Asset Eyes Korbit in Potential $100M Crypto Exchange Deal - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5063\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mirae Asset Eyes Korbit in Potential $100M Crypto Exchange Deal\" \/>\n<meta property=\"og:description\" content=\"Financial giant Mirae Asset Group is in negotiations to acquire Korbit for up to $100 million in a deal aimed at securing a fully licensed entry into the South Korean crypto market. 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