Mirae Asset to Acquire 92% Stake in Korbit for $93 Million
- Mirae Asset Consulting plans to purchase a controlling stake in Korbit, acquiring 26.9 million shares for approximately 133.48 billion won (about $93 million).
- The acquisition will give Mirae Asset a total ownership interest of about 92.06% in the exchange.
- Korbit reported a revenue of 8.7 billion won and a net profit of 9.8 billion won, reversing previous losses.
- Currently, Korbit holds a full operating license and compliance infrastructure, making it attractive for regulated exposure to digital assets.
- In South Korea’s crypto market, Korbit recorded about $59.9 million in daily trading volume compared to Upbit’s $2.16 billion.
The acquisition aims to enhance Mirae Asset’s growth through digital-asset ventures as it meets contractual conditions for finalization within seven business days post-approval.
With an ownership stake of over ninety percent, Mirae Asset is positioning itself strategically within the rapidly evolving digital asset landscape in South Korea.(Source)
