Mirae Asset Boosts Korbit Stake to Over 97% with Additional Share Purchase

Mirae Asset Financial Group's affiliate, Mirae Asset Consulting, is set to boost its ownership of cryptocurrency exchange Korbit to over 97% after acquiring an additional 1.59 million shares for 7.89 billion won ($5.32 million). The transaction follows a decision by a corporate shareholder to sell its remaining stake in Korbit.

With Mirae Asset Consulting already set to acquire a 92.06% stake in Korbit, the additional purchase will lift its ownership to 97.15%, raising the total deal value to 141.37 billion won from 133.48 billion won.

The company said the additional purchase is aimed at securing 'future growth engines based on digital assets.'