Mirae Asset Group has opened talks to purchase crypto alternate Korbit, as conventional finance retains circling licensed crypto infrastructure.
The discussions run by Mirae Asset Consulting, a non-financial affiliate of the group, which has signed a memorandum of understanding with Korbit’s main shareholders, based on South Korean media stories.
Korbit is primarily owned by NXC, the holding firm behind gaming large Nexon, which controls about 60.5% of the alternate. SK Planet holds one other 31.5%, stories mentioned.
In accordance with The Chosun Every day, Mirae Asset Group is in talks to accumulate Korbit, South Korea’s fourth-largest crypto alternate. Mirae Asset Consulting has signed an MOU with main shareholders. Korbit is presently ~60.5% owned by NXC and subsidiaries, with SK Sq. holding ~31.5%.…
— Wu Blockchain (@WuBlockchain) December 28, 2025
The value tag beneath dialogue sits in a variety of 100B gained to 140B gained ($70M to $100M), a stage that will mark a uncommon large-scale entry into Korea’s alternate market by a mainstream monetary group.
Banking Hyperlinks And Licenses Outweigh Market Share
Korbit helped pioneer Korea’s crypto scene, launching in 2013 and debuting what it billed as the primary Bitcoin-to-won buying and selling market. At this time, it operates in a much more concentrated enviornment the place Upbit dominates each day volumes.
CoinGecko information reveals Upbit taking 64.2% of native buying and selling in a latest 24-hour window, adopted by Bithumb at 24.4% and Coinone at 10.8%, leaving Korbit at about 0.5%.
That small share nonetheless comes with a worthwhile prize, a regulated onshore venue with banking hyperlinks, compliance controls, and a buyer base that may be cross-sold into broader monetary merchandise, particularly if establishments get a clearer path into spot crypto buying and selling.
Institutional Curiosity Grows As Stakes Rise
Mirae’s curiosity comes as competitors for regulated Korean alternate licenses intensifies. As of November, crypto alternate Bybit had additionally been in talks to accumulate Korbit, based on South Korea’s Maeil Enterprise Newspaper.
The talks land as South Korea’s tech and finance giants chase scale in digital belongings. Naver Monetary has agreed to accumulate Dunamu, the operator of market-leading Upbit, in an all inventory deal valued at about 15.13T gained, Reuters reported in late November.
For Korbit, a purchaser with Mirae’s model and distribution may reset the alternate’s relevance at dwelling, whilst competitors stays brutal and liquidity continues to pool across the greatest venues.
Neither Mirae nor Korbit has confirmed phrases publicly, and the talks may nonetheless change or collapse as due diligence progresses.
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