Mirae Asset plans to acquire South Korean crypto exchage Korbit for up to $100 million.

According to Foresight News , citing the Chosun Ilbo, Mirae Asset Group is in talks to acquire Korbit, South Korea's fourth-largest crypto exchage, at a valuation of approximately 100 billion to 140 billion won (about $70 million to $100 million). The potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has already signed a memorandum of understanding with Korbit's major shareholders. Public information shows that Korbit is currently held by NXC and its subsidiary Simple Capital Futures, which together own approximately 60.5% of the shares, while SK Square holds approximately 31.5%.