- Mirae Asset has $418 billion in total assets under management.
- Firm will pay $92 million for 92% stake in Korbit exchange.
- South Korea’s stock market continues to boom.
South Korea’s biggest securities player has agreed a $92 million deal to take over Korbit, the country’s oldest crypto exchange.
The deal will see Mirae Asset, a firm with $418 billion in total assets under management, buy 92% of Korbit’s shares, subject to regulatory approval.
The goal of the takeover for Mirae is “securing digital asset-powered future growth engines,” the firm said in a statement, South Korean newspaper Chosun Ilbo reported.
Mirae Asset’s share price surged on news of the deal, rising by a total of over 15% over the past five days. Over the…
