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Mirae Asset Chairman Park Hyun-joo Calls for Reform in Crypto Exchange Practices
Finance · Investment Banks/Brokers · yonhap_finance · 2026-08-26
Mirae Asset Group Chairman Park Hyun-joo plans significant capital injection into DigitalX while criticizing the reckless listing of altcoins by exchanges.
What Happened
Investment Expansion: Mirae Asset Group Chairman Park Hyun-joo announced a 50 billion won capital increase for DigitalX, formerly known as Korbit, with plans for an additional 200-300 billion won investment. He expressed a strong commitment to transforming the exchange into a global investment platform.
Criticism of Altcoin Listings: Chairman Park sharply criticized the industry's tendency to list numerous altcoins without rigorous standards. He characterized the current state of many domestic exchanges as deceptive, questioning the integrity of their listing processes.
Call for Accountability: Addressing DigitalX employees, Park urged them to face the harsh realities of the crypto market and prioritize ethical operations. He emphasized that the exchange must proactively correct its past mistakes to build long-term trust with investors.
Strategic Outlook: Following the acquisition of a 97.15% stake in Korbit, Mirae Asset is rebranding and restructuring the entity as DigitalX. Park intends to bring in strategic investors and may provide opportunities for existing users to participate in future capital increases.