Catenaa, Tuesday, December 30, 2025-Mirae Asset Group is in discussions to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a deal valued between 100 billion and 140 billion won ($70 million to $100 million), according to local reports.
The potential purchase would be led by Mirae Asset Consulting, a non-financial affiliate of the group, which has signed a memorandum of understanding with Korbit’s main shareholders.
Korbit is primarily owned by NXC, the holding company of gaming firm Nexon, controlling about 60.5% of the exchange, with SK Planet holding 31.5% after investing 90 billion won in 2021.
Founded in 2013, Korbit launched South Korea’s first Bitcoin-to-won trading market but now accounts for less than 1% of domestic crypto trading volumes.
Upbit dominates daily activity with over $716 million in volume, followed by Bithumb at roughly $298 million.
Routing the deal through Mirae Asset Consulting allows the conglomerate to navigate South Korea’s 2017 regulation separating financial companies from crypto ventures.
Mirae Asset Consulting holds a 36.92% stake in Mirae Asset Global Investments and sits at the top of the group’s corporate structure.
The talks follow Naver Financial’s stock-swap merger with Dunamu, Upbit’s operator, reflecting increasing interest from traditional finance in regulated crypto infrastructure as institutional investment rules evolve.
Terms of the potential acquisition are not confirmed, and discussions could change.
Korbit has not publicly commented on the talks, and Mirae Asset Group has yet to issue a statement.
