Mirae Asset Injects 50 Billion Won Into Korbit
Mirae Asset Group, having completed its acquisition of cryptocurrency exchange Korbit, is now moving forward with a large-scale capital injection of 50 billion won, or approximately $35.29 million. The deal has already been noted as the first instance of a financial group affiliate acquiring a domes
Mirae Asset Group, having acquired cryptocurrency exchange Korbit, is injecting 50 billion won, or around $35.29 million, into the company. This marks the first time a financial group affiliate has acquired a domestic cryptocurrency exchange, and the capital infusion aims to expand Mirae Asset Group's digital asset business. The 10,078,614 new shares priced at 4,961 won each will be fully allocated to Mirae Asset Consulting, the group's largest shareholder, with payment due by Aug.
27. This move comes after Digital X Co., Ltd., the operating entity behind Korbit, held a board meeting to approve a third-party allotment rights offering. Industry experts view this capital increase as a significant step to ensure competitiveness in the digital asset market, as Mirae Asset Group aims to transform Digital X into a platform bridging traditional and digital assets.
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