Mirae Asset Group is in talks to accumulate South Korea's fourth-largest cryptocurrency alternate, 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 response to 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 alternate. SK Sq. will maintain a further 31.5% stake.
Korbit has a full working license and compliance infrastructure, which might make it a pretty entry level for giant monetary teams searching 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 entire 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 entire commerce quantity.
In distinction, Upbit dominated the market with over $768 million in each day buying and selling quantity, adopted by Bithumb with round $298 million and Coinone with round $135 million.
South Korea's high cryptocurrency alternate. 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 via a inventory alternate 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 firms will vote on the transaction on Might 22, 2026, with the share alternate scheduled for June 30. The transaction nonetheless requires regulatory approval.
Naver Monetary's plans to accumulate Dunum have been first revealed in September. On the time, it was reported that after the acquisition, Naver Monetary would launch a stablecoin mission backed by the Korean received, amongst different digital finance initiatives.
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