Mirae Asset in talks to buy Korean crypto exchange Korbit in $100M deal: Report

Mirae Asset Group is reportedly in talks to acquire South Korea’s crypto exchange Korbit in a deal valued at up to $100M, according to local media.

Mirae Asset Group is in talks to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a deal valued at roughly 100 billion to 140 billion Korean won ($70 million to $100 million).

The potential acquisition would be led by Mirae Asset Consulting, a non-financial affiliate of the group, which has reportedly signed a memorandum of understanding with Korbit’s major shareholders, according to a Sunday report from The Chosun Daily.

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.

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