- Mirae Asset Consulting becomes Korbit’s controlling shareholder after completing regulatory approval procedures.
- Korbit users will experience no changes as deposits, services, and data policies remain unchanged.
- The acquisition highlights growing institutional interest in South Korea’s digital asset market.
Mirae Asset has officially acquired South Korean cryptocurrency exchange Korbit, signaling a significant move for a major financial company into the world of digital assets. Following regulatory approvals, Mirae Asset Consulting is now Korbit’s biggest owner.
Mirae Asset Gains Control of Korbit Exchange
Korbit announced on Thursday that Mirae Asset Consulting, part of the Mirae Asset Financial Group, is now the majority owner of the cryptocurrency exchange. The deal was finalized after receiving approval from regulators, enabling the financial group to grow its involvement in the digital asset market.
Korbit has assured users that recent changes in ownership won’t affect their experience. You can still trade, deposit, withdraw funds, and manage your account as usual.
Korbit also confirmed that customer deposits and digital assets will continue to be held separately, as required by South Korea’s regulations for protecting users of virtual assets. The company added that its policies for handling personal data will not change after the acquisition.
THE BLOCK: South Korea’s Mirae Asset has completed its acquisition of local crypto exchange Korbit.
Korbit announced Thursday that its business operations, how users deposit funds, and its data privacy practices will stay the same.
— The Block (@TheBlockCo) July 23, 2026
As an analyst tracking the Korean exchange space, I’ve been following Mirae Asset’s moves with Korbit closely. They initially took a controlling interest – around 92.06% – in Korbit through their consulting arm. And based on recent reports, it looks like they plan to expand that ownership even further, potentially reaching 97.15% with another share purchase.
This new investment will bring Mirae Asset’s total investment in Korbit to around 141.4 billion won. They had previously invested approximately 133.5 billion won to gain a controlling stake in the company.
This deal marks a significant step forward as one of South Korea’s largest financial groups now owns a cryptocurrency exchange. It demonstrates growing interest from established financial institutions in the world of blockchain and digital currencies.
Acquisition Signals Growing Traditional Finance Interest
As a researcher following Mirae Asset, I understand their recent acquisition is strategically focused on positioning themselves for future growth in the digital asset space. They’ve publicly expressed a desire to bridge the gap between conventional financial services and the innovative world of blockchain technology.
Korbit was South Korea’s first cryptocurrency exchange and continues to operate as a licensed platform today. Despite this, it faces strong competition from larger exchanges in the country.
This purchase happens as South Korea builds more defined rules for digital currencies. Banks and other financial companies are actively investigating technologies like cryptocurrency platforms, turning assets into tokens, and using blockchain technology to offer new services.
Regulators had already examined the deal to see if it would hurt competition in the market. The Fair Trade Commission gave it the go-ahead, finding that the acquisition wouldn’t significantly limit competitive options.
Mirae Asset joining the crypto exchange market might inspire other financial companies to do the same. This shows a growing trend of traditional finance and digital assets becoming more connected.
As Korbit and Mirae Asset continue working together, they plan to grow their offerings in the digital asset space. Their goal is to better link traditional financial systems with the expanding world of blockchain technology.
2026-07-23 23:21