# Mirae Asset completes acquisition of Korbit, becomes largest shareholder South Korean financial giant takes controlling stake in crypto exchange Korbit. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/88a01fa2-04c0-4e1c-9443-fa4d388abd40 ## Strategic Acquisition Finalized Mirae Asset, a leading South Korean financial group, has acquired a 92.06% stake in crypto exchange Korbit for 133.48 billion won ($91 million), becoming its largest shareholder. The deal marks Mirae's strategic expansion into digital assets. Regulatory approvals were completed before the transaction's official closure. ## Korbit's Operations Remain Unchanged Korbit confirmed its operational structure will stay intact post-acquisition, with trading and deposit/withdrawal services continuing uninterrupted. Customer assets remain segregated under South Korea's Virtual Asset User Protection Act, addressing potential user concerns about the ownership change. ## South Korea's Crypto Market Position Korbit is one of South Korea's five major won-based crypto exchanges. The country hosts one of the world's most active retail crypto markets, where exchanges primarily generate revenue through trading fees. Local regulations require exchanges to maintain banking partnerships for fiat services. ## Regulatory Process and Approval Although the acquisition agreement was reached in February, it required completion of South Korea's stringent crypto regulatory procedures. Mirae Asset's successful navigation of these approvals reinforces its credibility in the financial sector and demonstrates compliance capabilities. ## Mirae Asset's Digital Strategy Mirae Asset Consulting aims to extend its traditional finance expertise into the digital asset space. The Korbit acquisition represents a significant step in this strategy, positioning the company to strengthen its leadership in South Korea's dynamic crypto market. ## Industry Implications This acquisition signals notable consolidation in South Korea's crypto sector. Traditional financial institutions' growing interest in digital assets reflects market maturation. Mirae Asset's move may serve as a benchmark for other major players considering similar strategic expansions. ## Sources covering this story - https://cointelegraph.com/news/mirae-asset-korbit-acquisition-largest-shareholder?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._