South Korea's FTC approves Mirae Asset-Korbit merger

South Korea's Fair Trade Commission (FTC) has approved the business combination of Mirae Asset Financial Group and cryptocurrency exchange Korbit, The Asia Business Daily reported. Although the acquiring entity is Mirae Asset Consulting, a non-financial affiliate, the FTC considered the acquisition to have been made by Mirae Asset Group itself. The decision is expected to stimulate various types of transactions involving exchange equity.