Mirae Asset wins FTC approval for Korbit deal

Mirae Asset Financial Group announced Thursday that its acquisition of local cryptocurrency exchange Korbit has received regulatory approval from the country's antitrust watchdog, clearing the way for the group to strengthen its digital asset capabilities.

In February, Mirae Asset Consulting, an affiliate of the group, agreed to acquire a 92.06 percent stake in Korbit, one of South Korea's five won-based cryptocurrency exchanges, for 133.5 billion won ($88.8 million), citing the need to secure n ...