Mirae Asset Securities logs record quarterly profit

Published: Tuesday, May 12, 2026 at 2:43 pm

Mirae Asset Securities Reports Record Quarterly Profit

SEOUL – South Korea's Mirae Asset Securities announced record-breaking earnings for the first quarter of this year, fueled by strong performance across its various business sectors. The brokerage firm reported that its operating profit nearly quadrupled year-over-year, reaching $930 million. This significant increase was largely attributed to robust growth in wealth management and its overseas operations.

The company's assets under management experienced substantial growth, increasing by $39 billion during the January-March period, bringing the total to $440 billion. Mirae Asset Securities' global business segment also achieved a record quarterly pretax profit of $163 million. Key contributors to this success were its Hong Kong unit, which earned $55 million, and its New York subsidiary, which generated $56 million.

In a statement, the company highlighted its strategic reinvestment of capital as a key driver of its success in the investment sector. Mirae Asset Securities emphasized its commitment to identifying high-quality assets and innovative investment opportunities, with the goal of evolving into a global investment specialist offering diverse opportunities to its clients.

Mirae Asset Securities is an affiliate of Mirae Asset Group, founded in 1997. The company has distinguished itself from many domestic competitors by actively expanding into global markets. A notable example of this strategy was the acquisition of India's full-service brokerage firm Sharekhan in late 2023 for $360 million. Despite the positive financial results, the share price of Mirae Asset Securities experienced a decline of 6.68% on the Seoul bourse on Tuesday.

BNN's Perspective:

Mirae Asset Securities' impressive performance underscores the potential of strategic global expansion and effective wealth management. While the company's success is commendable, the decline in its share price warrants further analysis. It is important to consider whether this dip is a temporary market correction or indicative of underlying concerns. The company's continued focus on innovation and global opportunities will be crucial for maintaining its current momentum.

Keywords: Mirae Asset Securities, quarterly profit, earnings, operating profit, assets under management, wealth management, global business, investment, brokerage, Sharekhan, South Korea, financial results, stock market

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