Corbitt received a $100 million interest from Mirae Asset

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

Since part of the group

January 2024

About the author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory changes in the cryptocurrency sector.

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Last Updated:

December 28, 2026

Mirae Asset Group has opened talks to buy crypto exchange Korbit, which will continue to spin off traditional finance licensed crypto infrastructure.

The talks were conducted by Mire State Consulting, which is not a member of the group, and a memorandum of understanding was signed with Corbitt's major shareholders, South Korean media reported.

Corbit is primarily owned by NXC, which is behind gaming giant Nexon and controls 60.5% of the exchange. SK Planet holds another 31.5%, reports said.

The price tag under discussion is placed in the range of 100B won to 140B won ($70M to $100M), a level that marks the entry of a major financial group into the Korean currency market.

Bank links and licenses exceed market share

Corbitt He helped pioneer the Korean crypto scene by launching in 2013 and creating the first Bitcoin-to-win trading market. Today, Upbit operates on a very robust platform that manages daily volumes.

According to CoinGecko data, Upbit took 64.2% of domestic transactions in the most recent 24-hour window, followed by Bithumb at 24.4% and Coinone at 10.8%, leaving Korbit at 0.5%.

That small share is still a valuable prize, a regulated offshore space with bank links, customer-friendly controls and a client base that can be sold to a wider range of financial products, especially if institutions find a clear path to on-site crypto trading.

It grows as the institutional demand increases

Mire's interest comes as competition for regulated Korean exchange licenses intensifies. In the year As of November, crypto exchange Bybit was in talks to acquire Corbit, South Korea's Mile Business newspaper reported.

The talks are on the ground as South Korea's tech and financial giants chase a balance in digital assets. Naver Financial has agreed to acquire Dunamu, the market-leading Appbit operator, for an estimated 15.13T in an all-stock deal, Reuters reported in late November.

For Corbett, a buyer with the Mirae brand and distribution could reset the exchange's relevance at home, even if competition remains fierce and premiums continue to increase in the larger areas.

Neither Mire nor Corbitt have officially confirmed the terms, and the terms could still change or be debunked with due diligence in the process.