Mirae Asset Group has decided to acquire 92% equity of Korbit, a domestic cryptocurrency exchange.
Mirae Asset Consulting, an affiliate of Mirae Asset Group, disclosed on the 13th that it decided to acquire 26.91 million shares of Korbit for 133.5 billion won. The equity stake after the acquisition is expected to be 92.06%.
The company said the purpose of the acquisition is "securing future growth engines based on digital assets."
This transaction appears to involve acquiring equity held by former major shareholders NXC and SK Square. SK Planet also disclosed the same day that it decided to dispose of 9.22 million Korbit shares for 45.7 billion won. It explained that the reason for the disposal is the exercise of tag-along rights under a shareholders' agreement and investment recovery.
Mirae Asset Group has presented its "Mirae Asset 3.0" strategy to combine traditional assets and digital assets and has pushed to expand the digital asset value chain. In the market, some say the acquisition could be meaningful in terms of securing related infrastructure if the institutionalization of security token offerings (STOs) kicks into full gear.
Recently, collaboration and equity swaps between financial companies and virtual asset corporations have continued. Earlier, Naver Financial and Dunamu, which operates a virtual asset exchange, reorganized their governance structure through a comprehensive stock exchange.