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VASP Compliance Summary — Korbit

Korbit Inc. · Exchange · South Korea

Exported 2026-08-25
Data reviewed 2026-08-03

Overview

Compliance snapshot

Overall regulatory statusRegistered
EU MiCA statusNo EU authorization
  • KoFIU VASP registration with real-name accounts (Shinhan Bank)
  • Majority shareholder is a listed Korean gaming group
  • Trustpilot 3.4/5 · 210 reviews
  • Smallest of the four licensed Korean real-name venues by volume

Medium concern

Oldest Korean venue with KoFIU registration and a large corporate shareholder, offset by small market share and dependence on a single fiat currency.

Authorizations

Licenses & registrations

JurisdictionRegulatorAuthorizationStatusReferenceGranted
South KoreaKorea Financial Intelligence Unit
KoFIU · https://www.kofiu.go.kr
VASP registration (real-name accounts)RegisteredKOFIU-2021-00232021-09-24

Reputation

Reputation scores

Trustpilot-style score3.4 / 5
Reviews210
App Store4.0
Google Play3.7
12-month trendflat
Press sentiment (12m)+3 / ~4 / −2

Media

Recent press

DateSourceHeadline & summarySentiment
2026-07-01ReutersKorbit adds staking for domestic clients
A regulated staking product launched under local guidance.
Positive
2026-04-06BloombergKorean market share stays concentrated
Smaller venues continued to trail the market leader.
Negative
2026-01-12CoinDeskKorbit expands research output
A market research desk was formalised.
Neutral
2025-09-29Financial TimesReal-name banking rules reviewed
Supervisors examined settlement arrangements across venues.
Neutral
2025-05-13ReutersParent group reaffirms support
The majority shareholder confirmed continued funding.
Positive

Risk events

Incidents & enforcement

DateTypeAmountDescription
2023-06-27Outage—Trading suspended for about two hours after a database failover.

Profile

Key facts

Founded2013
Websitekorbit.co.kr
Fiat currenciesKRW
Proof of reservesPartial
Custody modelCold-storage majority with real-name bank settlement
Legal entitiesKorbit Inc. (KR)
DirectoryKorbit
Korbit logo

Korbit

RegisteredNo EU authorizationESMA register

Korbit Inc.

Exchange🇰🇷 South Korea Founded 2013korbit.co.kr
Visit website
Last reviewed
2026-08-03
OverviewLicensesReputationPressIncidents

Compliance snapshot

  • KoFIU VASP registration with real-name accounts (Shinhan Bank)
  • Majority shareholder is a listed Korean gaming group
  • Trustpilot 3.4/5 · 210 reviews
  • Smallest of the four licensed Korean real-name venues by volume
Overall concern
Medium concern

Oldest Korean venue with KoFIU registration and a large corporate shareholder, offset by small market share and dependence on a single fiat currency.

Regulatory

Licenses & registrations

JurisdictionRegulatorAuthorizationStatusReferenceGranted
🇰🇷 South KoreaKorea Financial Intelligence UnitKoFIUVASP registration (real-name accounts)RegisteredKOFIU-2021-00232021-09-24
  • 🇰🇷 South Korea
    Registered
    VASP registration (real-name accounts)
    Korea Financial Intelligence UnitKoFIU
    KOFIU-2021-00232021-09-24
    Verify at source
User signals

Reputation

Trustpilot-style score
3.4/ 5
3.4
210 reviews
Stable (12m)
App ratings
App Store
4.0
Google Play
3.7
Press sentiment (12m)
Positive3
Neutral4
Negative2
Media

Recent press

  • 2026-07-01
    Korbit adds staking for domestic clientsPositive

    Reuters — A regulated staking product launched under local guidance.

  • 2026-04-06
    Korean market share stays concentratedNegative

    Bloomberg — Smaller venues continued to trail the market leader.

  • 2026-01-12
    Korbit expands research outputNeutral

    CoinDesk — A market research desk was formalised.

  • 2025-09-29
    Real-name banking rules reviewedNeutral

    Financial Times — Supervisors examined settlement arrangements across venues.

  • 2025-05-13
    Parent group reaffirms supportPositive

    Reuters — The majority shareholder confirmed continued funding.

History

Incidents & enforcement

  1. 2023-06-27Outage

    Trading suspended for about two hours after a database failover.

Entity

Key facts

CMC rank
#45
Fiat currencies
KRW
Proof of reserves
Partial
Custody model
Cold-storage majority with real-name bank settlement
Legal entities
  • Korbit Inc. (KR)
Compare

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VASPCheck

Licence records, regulator references, enforcement and press for virtual asset service providers.

Dataset updated 2026-08-14

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  • Methodology
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Reference

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  • Official registers
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Contact

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  • data@vaspcheck.example

Prototype — sample data for demonstration only. Always verify against official registers. VASPCheck is an informational tool, not legal or regulatory advice. Company names and logos are used for identification purposes only.

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