According to ChainCatcher, citing Yonhap News, Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, will acquire a total of 97.15% equity stake in the South Korean cryptocurrency exchange Korbit. On July 23, Korbit stated that Mirae Asset Consulting completed the acquisition of 91.7% of its shares on the 22nd and is expected to acquire the remaining 5.42% on the 24th to finalize the transaction. Previously, on the 21st, Mirae Asset Consulting announced the additional purchase of 1,589,900 Korbit shares for approximately KRW 7.887 billion, increasing its total holdings from about 26,905,800 shares to approximately 28,495,700 shares, with total investment rising from about KRW 133.48 billion to approximately KRW 141.367 billion. Korbit stated that it will continue providing its existing services; user deposits and cryptocurrency assets will be segregated and held separately from company assets in accordance with the Virtual Asset User Protection Act, and Korbit will remain the entity responsible for processing personal information, with no changes to the purposes or scope of use.
Mirae Asset Consulting to Acquire 97.15% Stake in Korbit by July 24
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Summary
Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, has acquired a 91.7% stake in the Korean cryptocurrency exchange Korbit and aims to complete the acquisition of the remaining 5.42% by July 24. On July 21, the company announced an additional investment of 788.7 million KRW to purchase 158.99 million shares, increasing its total holdings to 2.84957 billion shares with a total investment of 141.367 billion KRW. Korbit confirmed it will continue current operations, with user crypto assets and deposits segregated from company funds in compliance with the Virtual Asset User Protection Act. Personal data will remain under Korbit’s management. This development has become a significant topic in cryptocurrency exchange and digital asset news.
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