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Mirae Asset plans to acquire South Korean cryptocurrency exchange Korbit for approximately $100 million.

 South Korean financial group Mirae Asset is negotiating to acquire Korbit, South Korea's fourth largest cryptocurrency exchange platform, with a transaction valuation of approximately 100 billion to 140 billion Korean won (about 70 million to 100 million US dollars). This potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary under Mirae Asset Group, which has already signed a memorandum of understanding with Korbit's major shareholders.

Public information shows that Korbit is currently approximately 60.5% owned by NXC and its subsidiary Simple Capital Futures, while SK Square holds about 31.5%. The report points out that Korbit holds a full operational license and compliance system, making it attractive to large financial groups looking to enter the digital asset field in a compliant manner.

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