South Korean financial conglomerate Mirae Asset is exploring a potential acquisition of local cryptocurrency exchange Korbit, according to a report from the Korea Times.
The discussions reportedly centre on Mirae Asset acquiring a 92% stake in Korbit for up to 140 billion won, equivalent to about $97 million at current exchange rates.
Industry officials cited in the report said the talks remain ongoing and have not yet resulted in a final agreement between the parties involved.
Mirae Asset is headquartered in Seoul and operates across asset management, wealth management, investment banking, and insurance services.
The proposed deal would mark Mirae Asset’s first direct entry into the cryptocurrency sector, signalling a strategic shift beyond traditional finance.
The move reflects growing interest among established financial institutions in digital asset infrastructure amid evolving regulatory clarity in South Korea.
An unidentified industry official said the interest aligns with long-standing views held by Mirae Asset founder Park Hyeon-joo.
Korbit has historically had a limited presence, but Mirae Asset Financial Group’s decades of expertise could allow it to pursue a differentiated strategy.