Mirae Asset Acquires Majority Stake in Korbit for Approximately $102 Million

Mirae Asset Consulting has gained majority control of the South Korean cryptocurrency exchange Korbit, increasing its ownership stake to 97.15%. The total transaction amount is approximately 141.4 billion won, equivalent to about $95 million to $102 million. The Korea Fair Trade Commission approved the deal on July 9, 2026, stating that the acquisition is unlikely to restrict competition and noted that Korbit holds about 0.5% of the South Korean cryptocurrency trading market share in 2025. Mirae Asset stated that Korbit's operating entity, user deposits, and core trading services will remain unchanged temporarily, and customer assets will be isolated and safeguarded according to existing protection rules. Korbit will be rebranded as Digital X. Park Hyeon-joo, founder and Global Chief Strategy Officer of Mirae Asset, stated that Digital X is at the core of Mirae Asset's 3.0 strategy, aiming to connect tokenization of real-world assets, security token offerings, stablecoins, traditional securities, and digital assets on the same platform. Mirae Asset indicated that Digital X does not aim to surpass Upbit or Bithumb in trading volume but is positioned as an infrastructure platform that combines its securities and asset management background with Korbit's digital asset operations. Digital X will currently operate based on Korbit's existing licenses and user base.

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