Fair Trade Commission, 7month 9day announces approval of Mirae Asset’s acquisition of Korbit
The Korea Fair Trade Commission 7month 9day approved Mirae Asset’s acquisition of Korbit, setting the stage for Mirae Asset to expand its digital-asset finance business in earnest. On the same day, reports also covered the spread of global payment cycle T+1 and supply issues for AI server substrates, as well as news of Danal Entertainment’s IP partnership.
The Korea Fair Trade Commission 7month 9day approved Mirae Asset’s acquisition of Korbit, a virtual-asset exchange. The acquisition has been completed, and Mirae Asset said it would expand its digital-asset finance business based on Korbit.
Mirae Asset explained that after acquiring Korbit, it would strengthen digital-asset-related products and services and create global standards for the asset market. It also disclosed that it would proceed with post-acquisition operating plans and organizational integration procedures.
A report on the same day forecast that 90% of global market capitalization would shift to payment cycle T+1 next year. It noted that shortening the payment cycle could affect the timing of trade settlement and liquidity.
Victory Giant, which manufactures AI server substrates, was reported to be expected to benefit from the shortage of server substrates. The report added that the supply of related components and production plans are drawing attention.
Danal Entertainment signed a memorandum of understanding (MOU) with hello82to cooperate on a global IP business. The two companies announced that they would discuss joint IP development and global distribution.
This news consists of facts that were disclosed one after another on the same day. Each company announced the details through disclosures and press releases.