TLDR
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Mirae Asset plans a $35M capital injection into Korbit operator Digital X.
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Digital X will issue over 10 million new shares to Mirae Asset Consulting.
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The funding will strengthen Digital X finances and support operating needs.
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Mirae Asset controls 97.15% of Digital X after completing the Korbit deal.
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Digital X will anchor Mirae Asset’s push into traditional and digital assets.
Mirae Asset will inject about $35 million into Digital X, the operator of South Korean crypto exchange Korbit. The capital increase follows Mirae Asset’s recent takeover and Digital X’s corporate rebranding this week. The funding will strengthen finances and support the group’s broader digital asset expansion strategy.
Digital X approved the capital increase during a board meeting held on August 12. The company will issue 10,078,614 new common shares at 4,961 won per share. The transaction will raise about 50 billion won, equivalent to roughly $35 million.
Mirae Asset Consulting will receive all newly issued shares through a third-party allocation. The affiliate already controls 97.15% of Digital X following the completed acquisition. Payment for the new shares is scheduled for August 27.
Mirae Asset Adds Capital After Completing Korbit Takeover
Digital X plans to use the fresh capital to improve its financial position and secure operational funding. The move represents Mirae Asset’s first large capital expansion since completing its purchase of Korbit. It also gives the exchange additional resources as management develops its post-acquisition strategy.
Mirae Asset Consulting completed the Korbit acquisition in July after securing approval from South Korea’s Fair Trade Commission. The affiliate initially agreed to purchase a controlling stake before later increasing its ownership. Mirae Asset eventually raised its holding to 97.15% of the exchange operator.
The acquisition marked a significant move by a major financial group into South Korea’s regulated crypto market. The regulator approved the combination after reviewing Korbit’s relatively small domestic market share. Korbit accounted for about 0.5% of South Korea’s crypto trading market during 2025.
Digital X Rebranding Supports Broader Digital Asset Strategy
Korbit’s operating company changed its legal name from Korbit Co. to Digital X Co. on August 11. However, the Korbit trading platform will continue using its existing customer-facing brand for now. The company plans to change the service name separately at a later stage.
Mirae Asset intends to develop Digital X beyond a conventional cryptocurrency trading platform. The group wants the business to connect traditional financial products with digital assets. Its longer-term plans include tokenization, stablecoins, and services linking established finance with blockchain-based markets.
Mirae Asset founder and Global Strategy Officer Park Hyeon-joo has placed Digital X within the group’s expansion plans. The business forms part of the broader Mirae Asset 3.0 strategy. However, the company has not announced specific launch dates for planned products.
Korbit Funding Addresses Losses and Supports Expansion
The capital increase also comes after Korbit recorded continued operating losses during recent financial periods. The exchange generated about 9.8 billion won in operating revenue during 2025. However, it reported an operating loss of approximately 15.4 billion won for that year.
Korbit also remains smaller than South Korea’s leading exchanges, including Upbit and Bithumb. That market position gives Mirae Asset room to invest in technology, customer services, and new product development. The fresh capital can also support Digital X while management works to improve its financial structure.
Other established financial companies have expanded their exposure to South Korea’s digital asset sector. Recent transactions have included investments involving Coinone and the operator of Upbit. Mirae Asset’s Digital X expansion adds another major financial group to that broader industry shift.
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