Mirae Asset intends to acquire Korean cryptocurrency exchange Korbit for up to $100 million

Techub News reported, according to The Chosun Ilbo, Mirae Asset Group is in negotiations to acquire Korbit, South Korea's fourth-largest cryptocurrency exchange, with a transaction valuation of approximately 100 billion to 140 billion won, equivalent to about $70 million to $100 million. This potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has already signed a memorandum of understanding with Korbit's major shareholders. Public information shows that Korbit is currently jointly held by NXC and its subsidiary Simple Capital Futures with approximately 60.5% equity, while SK Square holds an additional approximately 31.5%.