Mirae Asset Group is moving forward with its acquisition of Korbit, South Korea's fourth-largest cryptocurrency exchange.

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According to the Chosun Ilbo, Mirae Asset Group is moving forward with its acquisition of Korbit, South Korea's fourth-largest cryptocurrency exchange. Mirae Asset Consulting, a subsidiary of Mirae Asset, has signed a Memorandum of Understanding (MOU) with Korbit's major shareholders. Korbit is currently owned by NXC and its subsidiaries for approximately 60.5%, and SK Square for approximately 31.5%. The transaction is valued at approximately 100 billion to 140 billion won (approximately US$70 million to US$100 million), but specific terms and the final settlement remain uncertain.

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