Mirae Asset Financial Group plans to build a 150 trillion won digital asset business around Digital X, formerly Korbit, as a new growth engine. Founder Park Hyeon-joo outlined the goal at a Seoul event on Wednesday, saying the group wants the business profitable by 2027. The group is considering up to 300 billion won in additional capital and may seek a third-party allotment in the first quarter of next year. Digital X will focus on crypto, stablecoins, real-world assets and security token offerings.
Park Hyeon-joo, Mirae Asset Financial Group founder and chairman, speaks during an event for Digital X employees in Seoul, Wednesday, titled "A New Voyage Begins, Together." Courtesy of Digital X
Mirae Asset Financial Group plans to build a 150 trillion won ($109 billion) digital asset business around Digital X, formerly known as Korbit, as it seeks to make crypto and blockchain-based finance a new growth engine, its founder said Thursday.
Park Hyeon-joo, the group’s founder and chairman, outlined the ambition at an event for Digital X employees in Seoul on Wednesday, titled “A New Voyage Begins, Together.”
Mirae Asset Consulting, a nonfinancial affiliate of the group, acquired a 97.15 percent stake in Korbit in July and subsequently renamed the cryptocurrency exchange Digital X.
