Mirae Asset to inject 50 billion won into Digital X after takeover

Mirae Asset Consulting is injecting 50 billion won ($35.2 million) into Digital X, the former Korbit exchange operator, through a 10,078,614-share sale priced at 4,961 won apiece and due to be paid on Aug. 27, sending fresh capital directly to the company weeks after Mirae raised its ownership to 97.15% at a cumulative cost of about 141.4 billion won ($99.7 million). Digital X said in a regulatory filing that the proceeds are for "management objectives, such as improving the financial structure and urgent fundraising," a notable step for an exchange that posted an eighth straight annual loss in 2025, saw customer deposits fall 31% to 89.7 billion won, and was fined 2.73 billion won by Korea's Financial Intelligence Unit over roughly 22,000 anti-money-laundering and customer-verification violations. Mirae has recast the business as Digital X and outlined an "intelligent investment platform" centered on RWA, STO and stablecoin services, even as the exchange continues to operate under the Korbit brand for customers and retains only about 0.5% of Korea's domestic crypto trading market.

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