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Mirae Asset Group is in talks to acquire South Korean cryptocurrency exchange Korbit for $100 million.

PANews reported on December 28 that, according to Cointelegraph, Mirae Asset Group is in talks to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, with a valuation of approximately 100 billion to 140 billion won, or about 70 million to 100 million US dollars. The potential acquisition is reportedly being led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has already signed a memorandum of understanding with Korbit’s major shareholders.