Overview
- Mirae Asset Consulting signed an MOU with Korbit’s major shareholders for a potential acquisition valued at 100–140 billion won ($70–$100 million).
- NXC and its unit Simple Capital Futures hold about 60.5% of Korbit, while SK Square owns roughly 31.5%, and both are involved in the talks.
- The deal is at an early stage with due diligence, final terms, and approvals from the Financial Intelligence Unit and Financial Services Commission still required, and no closing timeline disclosed.
- Korbit is fully licensed for KRW on‑ and off‑ramps but accounts for well under 1% of domestic trading, with roughly $5.6–$5.8 million in daily volume.
- South Korea’s crypto market is highly concentrated with Upbit near 64% share, while separate reports note Naver Financial’s planned purchase of Upbit operator Dunamu and regulators recently cleared Binance’s GOPAX acquisition, offering precedent for review.