Mirae Asset to buy 92% of Korbit

Mirae Asset Consulting has agreed to acquire a 92.06% controlling stake in South Korean crypto exchange Korbit for 133.48 billion won, or about $93 million, in cash.

The transaction covers the purchase of 26.9 million shares and is intended to secure future growth drivers through digital asset businesses, according to a regulatory filing approved by the board on February 5.

Mirae Asset said the acquisition aims “to secure future growth drivers through digital-asset (virtual-asset) businesses,” with settlement expected within seven business days after contractual closing conditions are met.

Korbit recently reported 8.7 billion won in revenue and 9.8 billion won in net profit, reversing prior-year losses as sale discussions progressed.

The exchange is primarily owned by NXC and its subsidiary Simple Capital Futures, which together hold about 60.5%, while SK Square controls an additional 31.5% stake.

Korbit operates under a full regulatory licence in South Korea, positioning it as an attractive entry point for large financial groups seeking compliant exposure to digital assets.

According to CoinGecko data, Korbit recorded roughly $59.9 million in 24-hour trading volume compared with about $2.16 billion at Upbit and $1.36 billion at Bithumb, underscoring its smaller market share.