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Mirae Asset Group is successful talks to get Korbit, South Korea’s fourth-largest cryptocurrency exchange, successful a woody valued astatine astir 100 cardinal to 140 cardinal Korean won ($70 cardinal to $100 million).
The imaginable acquisition would beryllium led by Mirae Asset Consulting, a non-financial affiliate of the group, which has reportedly signed a memorandum of knowing with Korbit’s large shareholders, according to a Sunday study from The Chosun Daily.
Korbit is chiefly owned by NXC and its subsidiary Simple Capital Futures, which unneurotic clasp astir 60.5% of the exchange. SK Square owns an further 31.5% stake.
Korbit holds a afloat operating licence and compliance infrastructure, which could marque it an charismatic introduction constituent for a large fiscal radical seeking regulated vulnerability to integer assets.
Related: South Korean regulator misses stablecoin measure deadline: What’s next?
Korbit’s crypto trading volume
According to CoinGecko data, Korbit’s stock of South Korea’s crypto trading marketplace remains marginal compared with its home peers. Of the astir $1.21 cardinal successful full 24-hour trading measurement crossed six Korea-based exchanges, Korbit accounted for conscionable $5.75 million, oregon good nether 1% of full activity.
By contrast, Upbit dominated the marketplace with much than $768 cardinal successful regular volume, followed by Bithumb astatine astir $298 cardinal and Coinone astatine astir $135 million.
Top Korean crypto exchanges. Source: CoinGecko.Related: South Korea to enforce bank-level liability connected crypto exchanges aft Upbit hack: Report
Naver moves to get Upbit relation Dunamu
As Cointelegraph reported, Naver Financial plans to get Dunamu, the relation of Upbit, done a stock-swap transaction valued astatine astir 15.1 trillion won ($10.3 billion). Under the deal, Naver Financial volition contented 87.56 cardinal caller shares to Dunamu shareholders, making Dunamu a wholly owned subsidiary.
Shareholders of some firms volition ballot connected the transaction connected May 22, 2026, with the stock speech scheduled for June 30. The woody remains taxable to regulatory approvals.
Naver Financial’s plan to get Dunamu was archetypal revealed successful September. At the time, it was reported that Naver Financial would motorboat a Korean won-backed stablecoin project, on with different integer concern initiatives, pursuing the acquisition.
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