Mirae Asset is negotiating the purchase of cryptocurrency exchange Korbit, the fourth largest in South Korea.

Source: PortaldoBitcoin Original Title: Mirae Asset Negotiates Purchase of Cryptocurrency Exchange Korbit, South Korea’s Fourth Largest Original Link: The global investment firm Mirae Asset Group is in negotiations to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, according to information released this Sunday (28). The move reinforces the interest of major traditional financial groups in the country’s digital asset market.

Mirae Asset Consulting — the non-financial arm of Mirae Asset — reportedly signed a memorandum of understanding (MOU) with the main shareholders of Korbit to discuss acquiring a stake in the exchange. Despite progress in talks, the final details of the agreement are still open.

Currently, Korbit is majority-controlled by NXC, the holding company of gaming giant Nexon, and its subsidiary Simple Capital Futures, which together hold about 60.5% of the shares. Another significant shareholder is SK Square, an affiliate of the SK group, with approximately 31.5% ownership.

The estimated transaction value ranges between 100 billion and 140 billion South Korean won, equivalent to about R$ 380 million and R$ 535 million, according to industry sources. Industry insiders highlight that the final terms and the actual completion of the deal between Mirae and Korbit remain uncertain.

If finalized, the acquisition could mark a more aggressive entry of Mirae Asset into the crypto sector, at a time when the South Korean digital assets market is undergoing regulatory maturation and closer integration with the traditional financial system.

This is because Mirae is a leader in financial services in Asia and operates in 19 countries, including Brazil, with US$ 764 billion under management.