Mirae Asset Group secures 92% stake in Korean crypto exchange Korbit

South Korea’s Fair Trade Commission approved the acquisition of cryptocurrency exchange Korbit by Mirae Asset Consulting, a non‑financial subsidiary of the Mirae Asset Group. The deal gives Mirae Asset Consulting a 92.06% share of Korbit for about KRW 1.334 billion, valuing the exchange at roughly KRW 1.45 billion.

Korbit holds only about 0.5% of the domestic virtual‑asset trading market, far behind leaders Upbit (≈69%) and Bithumb (≈28%). The regulator concluded that the limited market share means the merger is unlikely to restrict competition unless Korbit’s liquidity expands significantly.

Mirae Asset says the purchase is part of a broader strategy to create an integrated digital‑finance platform that links traditional securities and asset‑management services with digital assets. The group envisions expanding into stablecoins, tokenized securities, custodial services and other digital‑finance offerings, leveraging its existing client network and risk‑management capabilities.