A financial group managing 1,500 trillion won, or roughly $1.1 trillion in assets, has taken over a crypto exchange with a 0.5% market share in South Korea. Mirae Asset founder and Chairman Park Hyeon-joo met Digital X employees in Seoul on August 27, 2026, to announce a new target: building a digital asset business worth 150 trillion won, equivalent to 10% of their total client assets.
Digital X is the new name for Korbit. South Korea’s first crypto exchange, founded in 2013, is now 97.15% owned by Mirae Asset Consulting following a 141.4 billion won acquisition. The deal makes Mirae Asset the first Korean financial group to take controlling ownership of a domestic crypto exchange.
Capital Injection for Four Pillars
Korbit’s 2025 financial statements recorded 9.8 billion won in operating revenue alongside an operating loss of 15.4 billion won. Its market position trailed far behind major players like Upbit and Bithumb.
Mirae Asset’s entry brings fresh capital and a new client base: Digital X’s board of directors approved a 50 billion won injection on August 12 by issuing 10,078,614 common shares at 4,961 won each. Payment from Mirae Asset Consulting for the third-party allocation was completed on August 27.
Management has structured its business lines into four core pillars: crypto, stablecoins, real-world assets (RWA), and security token offerings (STO). Three commodities are already slated for physical asset digitization: gold, silver, and electricity. The company aims to achieve profitability by 2027, though Mirae has yet to set a deadline for reaching its $109 billion asset volume goal.
Why the 2027 Target?
The 2027 profitability target coincides with South Korea’s timeline for enforcing new legislation. The National Assembly passed amendments to the Electronic Securities Act and the Capital Markets Act on January 15 to legalize tokenized securities. Both revisions will take effect on February 4, 2027.
The digital securities system will operate entirely within the existing capital market framework rather than as unregulated assets. The government and regulators are currently building the supporting infrastructure before the rules take effect for the public.
The preparation phase involves around 3,500 publicly listed companies and professional investors. They are currently being guided to open real-name accounts on compliant domestic exchanges, opening the door to institutional liquidity that the firm is actively targeting.
Source: crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
