Mirae Asset Takes Control of Korbit, Securing South Korea's Largest Crypto Stake

Woofun AI reports that Mirae Asset Consulting has solidified its position as the largest shareholder in Korbit, following the completion of a controlling stake acquisition in the South Korean crypto exchange.

Operational stability remains intact as the exchange announced on Thursday that its operating entity is unchanged. Trading, deposits, and withdrawals will proceed without interruption, while customer assets remain segregated in compliance with South Korea’s Virtual Asset User Protection Act.

The transaction, agreed upon in February, involved the purchase of a 92.06% stake for 133.48 billion won ($91 million) to expand digital asset businesses. Per Woofun AI, the deal required final regulatory procedures before closing.

Korbit stands as one of five won-based crypto exchanges in a retail market where revenue largely derives from trading fees. Local platforms must maintain bank partnerships to facilitate fiat on- and off-ramp services.