Mirae Asset Seals Korbit Acquisition Amid Crypto Landscape Shift

Mirae Asset Group has finalized its acquisition of Korbit, South Korea's first virtual asset exchange. The move marks a significant shift in the country's digital finance landscape.

The deal was completed on July 23, 2026, after Mirae Asset Consulting acquired a controlling stake in Korbit for approximately 133.48 billion KRW. This acquisition raises Mirae Asset's ownership from 92.06% to 97.15%, according to Bonmedia and Inteldig.

Park Hyun-joo, Global Strategist Officer at Mirae Asset Group, has described the move as a new investment paradigm that combines traditional assets with digital assets. Korbit will maintain its existing services under the new ownership, with deposits and virtual assets segregated from company assets in accordance with the 'Act on the Protection of Virtual Asset Users.'

Mirae Asset aims to implement global standards in Anti-Money Laundering (AML), Know Your Customer (KYC), information security, and Fraud Detection Systems (FDS) across all digital asset operations. This acquisition represents a precedent for South Korea's first major fusion of a traditional financial institution with a digital asset platform.

In other developments, Russia has passed a law allowing individual investors to trade cryptocurrencies under government supervision. The legislation introduces a registration system for exchanges and sets an annual investment cap of 300,000 rubles (about 5.4 million KRW) for general investors.