South Korean financial giant Mirae Asset Consulting has agreed to acquire a controlling 92.06% stake in licensed crypto exchange Korbit for approximately $93 million. The move is intended to secure future growth through digital-asset businesses and follows Korbit’s recent return to annual profit. The exchange, while holding a full operating license, remains a minor player in the domestic market compared to leaders like Upbit and Bithumb.
Mirae Asset Consulting, an affiliate of the Mirae Asset Group, has agreed to purchase a controlling stake in the South Korean cryptocurrency exchange Korbit. The company plans to acquire 26.9 million shares for approximately $93 million, granting it a 92.06% ownership interest.
The transaction’s purpose is “to secure future growth drivers through digital-asset (virtual-asset) businesses,” according to a regulatory filing. The deal is pending final closing conditions, with settlement expected within seven business days after those requirements are satisfied.
Korbit reported revenue of approximately $6.1 million and a net profit of about $6.9 million in its most recent fiscal year. This performance reverses losses recorded in prior years and comes amid ongoing sale discussions.
The exchange is primarily owned by NXC and its subsidiary Simple Capital Futures, which together hold about 60.5%. SK Square owns an additional 31.5% stake. Korbit holds a full operating license and compliance infrastructure, making it an attractive regulated entry point.
According to CoinGecko data, Korbit is a relatively small player in South Korea’s crypto trading market. It recorded about $59.9 million in 24-hour volume, compared to major domestic exchanges.
Upbit accounted for the vast majority of trading with approximately $2.16 billion in daily volume, followed by Bithumb at around $1.36 billion. Other local exchanges reported far smaller volumes.
