[2021 Capital Investment Awards] Industry's First Operating Profit of 1 Trillion KRW and Equity Capital Surpassing 10 Trillion KRW Achieved

Daesang Mirae Asset Securities

Hyunman Choi, Chairman of Mirae Asset Securities

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities has established itself as a leading domestic securities firm by becoming the first in the financial investment industry to surpass 1 trillion KRW in operating profit and 10 trillion KRW in equity capital.

Founded in December 1999 with a capital of 50 billion KRW, Mirae Asset Securities has grown 200-fold in about 20 years, gaining global competitiveness and standing shoulder to shoulder with global investment banks (IBs) in the world capital markets beyond the Korean capital market.

In the third quarter of 2021 alone, Mirae Asset Securities recorded a cumulative operating profit of 1.2506 trillion KRW, becoming the first in the securities industry to exceed 1 trillion KRW in operating profit for two consecutive years. The pre-tax net profit for the third quarter of 2021 reached 482.3 billion KRW, setting a quarterly record high.

Mirae Asset Securities has led the growth of Korea’s capital market and securities industry through customer-centric management based on the philosophy of ‘existing for the customer’ and continuous innovation. Its Research Center provides and expands high-quality investment content comparable to domestic reports on global companies in growth industries attracting attention such as IT, artificial intelligence (AI), metaverse, autonomous driving, bio, green energy, and electric vehicles (EV), as well as thematic exchange-traded funds (ETFs). On the system side, as the top securities firm in overseas stock investment, it offers top-level services. While typical overseas stock investments require currency exchange of the respective country before investing, Mirae Asset Securities provides a service that allows purchasing overseas stocks without currency exchange.

As of the end of the third quarter of 2021, Mirae Asset Securities recorded a one-year public disclosure yield of 7.55% for Individual Retirement Pension (IRP) and 8.12% for Defined Contribution (DC) plans, achieving first place in DC and IRP yields among the top 10 asset managers for six consecutive quarters. Based on excellent yields, pension balances increased to about 21 trillion KRW by the end of the third quarter, maintaining the top position in asset size within the securities industry.

The company is also actively practicing ESG (Environmental, Social, and Governance) management. In March this year, it established an ESG Committee to strengthen company-wide execution of ESG management and built a four-step ESG governance system consisting of the ESG Executive Council, ESG Working Council, and ESG Promotion Team for systematic ESG management implementation. Recognized for its ESG management activities, Mirae Asset Securities has been selected for 10 consecutive years in the Dow Jones Sustainability Indices (DJSI) World Index, which selects the top 10% of companies considering both financial performance and ESG achievements comprehensively.

This content was produced with the assistance of AI translation services.