Mirae Asset Group is in talks to acquire South Korea’s fourth-largest cryptocurrency exchange, Corbit, in a deal worth approximately 100 billion to 140 billion Korean won ($70 million to $100 million).
The potential acquisition would be led by the group’s non-financial affiliate Mirae Asset Consulting, which reportedly signed a memorandum of understanding with Corbit’s majority shareholder, according to a Sunday report in Chosun Ilbo.
Korbit is primarily owned by NXC and its subsidiary Simple Capital Futures, which together hold approximately 60.5% of the exchange. SK Square will hold an additional 31.5% stake.
Korbit has a full operating license and compliance infrastructure, which could make it an attractive entry point for large financial groups seeking regulated exposure to digital assets.
Related: South Korean regulator misses deadline for stablecoin bill: what’s next?
Korbit cryptocurrency trading volume
According to CoinGecko data, Korbit’s share of South Korea’s crypto trading market remains negligible compared to its domestic peers. Of the total 24-hour trading volume of approximately $1.21 billion across the six Korea-based exchanges, Korbit accounts for just $5.75 million, far less than 1% of the total trade volume.
In contrast, Upbit dominated the market with over $768 million in daily trading volume, followed by Bithumb with around $298 million and Coinone with around $135 million.
South Korea’s top cryptocurrency exchange. sauce: CoinGecko.
Related: South Korea imposes bank-level liability on crypto exchanges following Upbit hack: Report
Naver moves to acquire Upbit operator Dunamu
As reported by Cointelegraph, Naver Financial plans to acquire Upbit operator Doonam through a stock exchange deal worth approximately 15.1 trillion won ($10.3 billion). Under the agreement, Naver Financial will issue 87.56 million new shares to Dunum shareholders, making Dunum a wholly-owned subsidiary.
Shareholders of both companies will vote on the transaction on May 22, 2026, with the share exchange scheduled for June 30. The transaction still requires regulatory approval.
Naver Financial’s plans to acquire Dunum were first revealed in September. At the time, it was reported that after the acquisition, Naver Financial would launch a stablecoin project backed by the Korean won, among other digital finance initiatives.
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