South Korean financial giant Mirae Asset is considering acquiring cryptocurrency trading platform Korbit.

[South Korean Financial Giant Mirae Asset Considers Acquiring Crypto Exchange Korbit] According to a report by the Korea Times, Mirae Asset, a major South Korean financial group, is considering acquiring the local cryptocurrency exchange Korbit. The report states that Mirae Asset is in negotiations to acquire approximately 92% of Korbit's shares, with a potential valuation of up to 140 billion won (approximately US$97 million). Headquartered in Seoul, Mirae Asset's business encompasses asset management, wealth management, investment banking, and insurance, making it a significant player in South Korea's traditional financial sector. If the deal goes through, it will be its first direct foray into cryptocurrency-related businesses. The report notes that Mirae Asset founder Park Hyun-joo has repeatedly emphasized exploring opportunities for the integration of traditional and digital assets in recent years. Industry insiders point out that although Korbit has a limited market presence, Mirae Asset's years of accumulated financial experience may help it drive differentiated development. Data shows that Korbit currently ranks fourth among the six compliant trading platforms in South Korea by trading volume, with a 24-hour trading volume of approximately $11.8 million, significantly lower than Upbit ($1.2 billion) and Bithumb ($475 million), while Coinone ranks third with approximately $580 million.