Mirae Asset Increases Stake in Korbit to 97.15%, Marking First Financial Firm Acquisition of Crypto Exchange in South Korea

Mirae Asset has increased its ownership stake in the South Korean cryptocurrency exchange Korbit from 92.06% to 97.15% by investing an additional 7.9 billion South Korean won. This transaction marks the first acquisition of a cryptocurrency exchange by a financial firm in South Korea, signaling a significant milestone for financial sector entry into the domestic cryptocurrency market.

Mirae Asset acquisition of Korbit

• ▪Mirae Asset invested an additional 7.9 billion South Korean won in the cryptocurrency exchange Korbit
• ▪Mirae Asset increased its ownership stake in Korbit from 92.06% to 97.15%