According to Blockmedia, the Korea Fair Trade Commission (KFTC) officially approved on Thursday Future Asset Consulting, a unit of Mirae Asset Group, to acquire a 92.06% majority stake in South Korean crypto exchange Korbit for 1334 billion won. The KFTC said that given Korbit’s current market share of 0.5%, the transaction does not raise any antitrust concerns. This is the first time a traditional financial giant in South Korea has directly acquired a crypto exchange; Mirae Asset Group will officially enter the crypto trading business. Korbit is one of five fully licensed crypto exchanges in the country.