Mirae Asset Securities006800.KS
About Mirae Asset Securities
Mirae Asset Securities is among Korea's largest brokerage houses by equity capital, formed through the combination of Mirae Asset's securities arm with the former Daewoo Securities. Its operations span retail brokerage and wealth management, investment banking, proprietary trading and overseas business, with a network of foreign offices that is unusually extensive for a Korean broker. The firm is the listed flagship of the founder-led Mirae Asset financial group, which also spans asset management. It earns commissions, interest on customer lending, fees from product distribution and underwriting, and gains on principal investments.
Scale brings a distinct structural profile: as a designated large investment bank the firm operates under capital rules that permit expanded lending and issuance businesses unavailable to smaller peers. Principal investments in overseas real estate and alternative assets introduce balance-sheet risk that investors examine alongside conventional market-cycle sensitivity in brokerage volumes. The company has articulated a standing shareholder-return framework built around buybacks and dividends, a rarity locally. Founder-family control of the unlisted group parent frames the governance discussion.
Mirae Asset was founded in 1997 by Park Hyeon-joo, a former star broker who built Korea's first modern mutual-fund house, and the group added its own securities firm in 1999. The transformative move came in 2016, when it outbid rivals for KDB Daewoo Securities—a storied broker with roots reaching back to 1970—creating Korea's largest brokerage by equity capital under the name Mirae Asset Daewoo. The combined firm reverted to Mirae Asset Securities in 2021. Unlike chaebol-affiliated competitors, it belongs to an independent founder-built financial group whose unlisted parent entities and asset-management affiliates sit outside any industrial conglomerate.
The firm's earnings map is unusually international for a Korean broker: subsidiaries in Vietnam, Indonesia, India, Hong Kong, New York, and London run local brokerage and investment operations, giving it emerging-market retail franchises most peers lack. At home, it has ridden Korean households' embrace of overseas equities, earning commissions and currency-exchange income as retail clients trade American stocks, and it manages one of the industry's largest retirement-pension books, a slow-compounding fee stream. Investment banking spans underwriting and structured finance, while principal investments deploy the firm's own capital into real estate and alternatives. Its scale rivalry is with Korea Investment & Securities, NH Investment & Securities, and Samsung Securities.
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Frequently asked questions
What does Mirae Asset Securities do?
Mirae Asset Securities is one of Korea's largest brokerage firms. It executes stock trades for retail and institutional clients, manages wealth and retirement-pension assets, underwrites securities offerings, invests its own capital in real estate and alternatives, and operates overseas subsidiaries across Asia, the United States, and Europe.
Who controls Mirae Asset Securities?
Founder Park Hyeon-joo controls the broader Mirae Asset financial group, with unlisted affiliate Mirae Asset Capital serving as the largest shareholder of the securities firm. The group is independent of Korea's industrial conglomerates, and the remaining shares are spread among domestic and foreign institutional and retail investors.
How can foreign investors get exposure to Mirae Asset Securities?
The firm's shares are listed on the Korea Exchange under ticker 006800 and can be bought through brokerages offering Korean market access. Index funds tracking Korean benchmarks, which include the stock, provide an indirect route. This answer explains access mechanics and is not a recommendation to buy or sell.
Answers are editorial summaries for general information, not investment advice.
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