South Korea clears Mirae Asset Consulting's purchase of crypto exchange Korbit
( July 9, 2026, 02:35 GMT | Official Statement) -- MLex Summary: South Korea’s Mirae Asset Consulting’s proposed acquisition of crypto exchange Korbit received clearance from the country’s competition regulator. The Korea Fair Trade Commission said Thursday that it approved the company’s proposed acquisition of a 92.06 percent stake in cryptocurrency exchange Korbit, concluding that the deal is unlikely to restrict competition. The proposed deal involves the non-financial affiliate of the Mirae Asset Group, one of the largest financial services company in South Korea, and the fourth-largest crypto-exchange Korbit. The KFTC viewed that the proposed deal could give the parent Mirae Asset Group an advantage in the future market for the combined crypto and stock exchanges. However, the regulator concluded that Korbit’s limited market position — with only about 0.5 percent of South Korean cryptocurrency trading — makes it unlikely that the acquisition would foreclose rivals or raise entry barriers. The statement is attached (in Korean)....
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