Mirae Asset Acquires 92% Stake in Korbit, Korea's No. 4 Cryptocurrency Exchange

Acquisition of 26.91 Million Korbit Shares for 133.5 Billion Won
"Aimed at Securing Future Growth Engines in Digital Assets"

Mirae Asset Group will acquire a 92% stake in Korbit, the nation's fourth-largest cryptocurrency exchange.

Mirae Asset Consulting, an affiliate of Mirae Asset Group, announced on February 13 that it has decided to acquire 26.91 million shares of Korbit for 133.5 billion won. After the acquisition, Mirae Asset Consulting's stake in Korbit is expected to reach 92.06%.

Mirae Asset Consulting stated that the purpose of the acquisition is "to secure future growth engines based on digital assets (virtual assets)."

This transaction is expected to be carried out by purchasing the entire stakes held by NXC, Nexon's holding company and the previous largest shareholder of Korbit, and by SK Square. In connection with this, SK Planet disclosed on the same day that it has decided to sell 9.22 million shares of Korbit for 45.7 billion won. SK Planet explained that the purpose of the sale is "the exercise of tag-along rights under a shareholders' agreement and the recovery of investment."

Mirae Asset Group, which has put forward its "Mirae Asset 3.0" vision of integrating traditional assets and digital assets, has been accelerating the expansion of its digital asset value chain. Industry watchers believe that if the era of security token offerings (STO) fully begins, Mirae Asset, which will preempt the domestic digital asset infrastructure through the acquisition of Korbit, has a strong chance of emerging as a major beneficiary stock.