The post Mirae Asset to Buy Controlling Stake at Korea’s Korbit Exchange for $93M appeared on BitcoinEthereumNews.com.

Mirae Asset Consulting, an affiliate of South Korean multinational financial services company Mirae Asset Group, has agreed to acquire a controlling stake in local crypto exchange Korbit. The company plans to purchase 26.9 million shares of Korbit for 133.48 billion won (about $93 million), a transaction that would give it a 92.06% ownership interest in the exchange, according to a Friday regulatory filing. The payment will be made entirely in cash Mirae Asset said the purpose of the acquisition is “to secure future growth drivers through digital-asset (virtual-asset) businesses,” per the filing. The company’s board approved the decision on Feb. 5, while reports on the planned deal initially surfaced last year. The transaction has not yet closed. The settlement will occur once contractual closing conditions are satisfied, with completion expected within seven business days after those requirements are met. Related: How a Bitcoin promotion error triggered a regulatory reckoning in South Korea Korbit returns to profit after sale talks Korbit reported 8.7 billion won in revenue and 9.8 billion won in net profit in its most recent fiscal year, reversing losses recorded in prior years. Korbit is primarily owned by NXC and its subsidiary Simple Capital Futures, which together hold about 60.5% of the exchange. SK Square owns an additional 31.5% stake. Korbit holds a full operating license and compliance infrastructure, which could make it an attractive entry point for a major financial group seeking regulated exposure to digital assets. As Cointelegraph reported, local exchange Coinone also is exploring a potential sale, as chairman Cha Myung-hoon seeks to divest his 53.4% controlling stake. Related: South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout Korbit trails major Korean exchanges in trading volume According to CoinGecko data, Korbit remains a relatively small player in South Korea’s crypto trading market compared with larger…

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Filed under: News - @ February 15, 2026 6:17 pm