Mirae Asset in talks to buy Korean crypto exchange Korbit for up to $100 million: reports

Mirae Asset Group, through its non-financial affiliate Mirae Asset Consulting, is reportedly in discussions to acquire Korbit, South Korea's fourth-largest cryptocurrency exchange, for an estimated 100 billion to 140 billion Korean won (approximately $70 million to $100 million). Korbit is primarily owned by NXC (Nexon's holding company) and SK Planet. The deal structure, routed through the consulting arm, is suggested as a way to navigate South Korea's regulations separating financial companies from crypto businesses. This potential acquisition follows Naver Financial's merger confirmation with Upbit's operator, signaling growing interest from traditional South Korean finance in acquiring licensed crypto infrastructure as the country moves toward lifting institutional investment restrictions.

(Source：The Block)