South Korean financial giant Mirae Asset Group is moving forward with acquiring a majority stake in Korea's fourth-largest cryptocurrency exchange, Korbit, with the deal estimated to be valued between $70 million and $100 million. Founded in 2013, Korbit was one of Korea's early exchanges, but its current market share is less than 1%, far behind Upbit (around 67%) and Bithumb (around 27%). Its two major shareholders, NXC (holding approximately 60.5%) and SK Planet (holding approximately 31.5%), have long been seeking to sell due to years of losses and performance pressures. If the acquisition is successful, Mirae Asset could provide Korbit with strong resources, driving the integration of traditional finance and crypto businesses, and leveraging its compliance infrastructure to quickly enter the regulated virtual asset sector.