Mirae Asset Group is in talks to accumulate South Korea’s fourth-largest cryptocurrency change, Corbit, in a deal price roughly 100 billion to 140 billion Korean received ($70 million to $100 million).
The potential acquisition could be led by the group’s non-financial affiliate Mirae Asset Consulting, which reportedly signed a memorandum of understanding with Corbit’s majority shareholder, in keeping with a Sunday report in Chosun Ilbo.
Korbit is primarily owned by NXC and its subsidiary Easy Capital Futures, which collectively maintain roughly 60.5% of the change. SK Sq. will maintain an extra 31.5% stake.
Korbit has a full working license and compliance infrastructure, which may make it a pretty entry level for giant monetary teams looking for regulated publicity to digital belongings.
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Korbit cryptocurrency buying and selling quantity
In line with CoinGecko information, Korbit’s share of South Korea’s crypto buying and selling market stays negligible in comparison with its home friends. Of the whole 24-hour buying and selling quantity of roughly $1.21 billion throughout the six Korea-based exchanges, Korbit accounts for simply $5.75 million, far lower than 1% of the whole commerce quantity.
In distinction, Upbit dominated the market with over $768 million in every day buying and selling quantity, adopted by Bithumb with round $298 million and Coinone with round $135 million.
South Korea’s prime cryptocurrency change. sauce: CoinGecko.
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Naver strikes to accumulate Upbit operator Dunamu
As reported by Cointelegraph, Naver Monetary plans to accumulate Upbit operator Doonam by a inventory change deal price roughly 15.1 trillion received ($10.3 billion). Beneath the settlement, Naver Monetary will difficulty 87.56 million new shares to Dunum shareholders, making Dunum a wholly-owned subsidiary.
Shareholders of each corporations will vote on the transaction on Might 22, 2026, with the share change scheduled for June 30. The transaction nonetheless requires regulatory approval.
Naver Monetary’s plans to accumulate Dunum had been first revealed in September. On the time, it was reported that after the acquisition, Naver Monetary would launch a stablecoin undertaking backed by the Korean received, amongst different digital finance initiatives.
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