Mirae Asset Group joins Korbit board as acquisition enters final stage

Mirae Asset Group is officially joining the board of directors of South Korean crypto exchange Korbit, moving a step closer to finalizing its acquisition of the platform. Maeil Business Newspaper reported today that the Financial Intelligence Unit (FIU) under South Korea's Financial Services Commission has accepted a filing from Mirae Asset Consulting to change executives, allowing for its representative to join Korbit's board. The new director, reported to be a professional manager, will be officially appointed following a resolution by Korbit's board and the completion of the executive change registration process. Industry sources anticipate the acquisition will be fully completed as early as the first half of this year.