Mirae Asset Group of South Korea has been approved to acquire 92.06% of Korbit's shares for 133.4 billion won

According to Etoday, South Korean regulators have announced the approval of Mirae Asset Consulting, a subsidiary of Mirae Asset Group, to acquire 92.06% of the shares of the South Korean cryptocurrency exchange Korbit, with a transaction amount of approximately 133.4 billion won (about 9.8 million USD). It is reported that this transaction marks the first acquisition of a virtual asset exchange by a traditional financial group in South Korea.

The Korea Fair Trade Commission also released data on the market share of South Korean cryptocurrency exchanges for 2025, which shows: Upbit accounts for about 69%, Bithumb about 28%, Coinone about 2%, Korbit about 0.5%, and Gopax about 0.1%. Due to Korbit's low market share, regulators believe that this merger will not create an exclusionary effect in the securities or asset management sectors, nor will it significantly impact the competitive landscape for future digital asset ETFs and other markets.