The Financial Intelligence Unit fined Korbit 2.73 billion won ($1.9 million) for multiple AML and KYC violations, citing lapses in customer due diligence and transaction restrictions. The FIU also issued an institutional warning and personal disciplinary measures for senior executives after an on-site October 2024 inspection found thousands of verification breaches. The enforcement comes as Korbit is reportedly in talks to be acquired by Mirae Asset in a deal worth up to $98 million; the FIU said the action is part of broader efforts to strengthen AML compliance in the virtual asset market.

FIU imposed a 2.73 billion won fine and institutional warning and disciplined executives after an on-site inspection found thousands of verification breaches and lapses in customer due diligence and transaction restrictions; the action coincides with ongoing acquisition talks involving Korbit—facts directly indicating negative regulatory pressure on the exchange.