South Korean financial giant Mirae Asset Group is injecting approximately 50 billion won ($35 million) into Digital X Co., the operator of crypto exchange Korbit, less than a month after completing its takeover. The board of Digital X approved the capital increase on Aug. 12, with payment scheduled for Aug. 27.
Digital X will issue 10,078,614 common shares at 4,961 won per share through a third-party allotment. All new shares will go to Mirae Asset Consulting, which already controls 97.15% of Digital X after the acquisition. The company said proceeds are intended to improve its financial structure and meet immediate management funding needs.
The recapitalization follows Mirae Asset Consulting's completed acquisition in July. Mirae initially agreed to buy 92.06% of Korbit for about 133.48 billion won and later raised its cumulative acquisition cost to around 141.4 billion won. South Korea's Fair Trade Commission approved the deal on July 9, citing Korbit's roughly 0.5% share of the domestic crypto trading market in 2025.
The fresh capital injection differs from the acquisition spending because the money enters Digital X itself rather than paying existing shareholders. It provides the exchange operator with additional resources as Mirae implements its post-acquisition strategy. Korbit generated about 9.8 billion won in operating revenue in 2025 but recorded a 15.4 billion won operating loss, underscoring the financial restructuring focus.
Korbit's operating company formally changed its corporate name from Korbit Co. to Digital X Co. on Aug. 11, while the customer-facing Korbit exchange name remains unchanged for now. Mirae has said Digital X will anchor its push into tokenization, stablecoins, and links between traditional and digital assets under the group’s “Mirae Asset 3.0” strategy.
The move also highlights broader involvement by established financial firms in South Korea's regulated exchange sector. Korea Investment & Securities and OKX Ventures agreed to invest 80 billion won each for 19.6% stakes in Coinone, and Samsung affiliates agreed to acquire a combined 4% stake in Upbit operator Dunamu.
