Mirae Asset Securities logs record quarterly profit

SEOUL, May 12 (UPI) -- South Korea's Mirae Asset Securities said Tuesday it posted record earnings during the first three months of this year, driven by solid performance across its businesses.

The Seoul-based brokerage said that its first-quarter operating profit nearly quadrupled year-on-year to $930 million, thanks to strong growth in wealth management and overseas operations.

Mirae noted its assets under management jumped by $39 billion during the January-March period to reach $440 billion.

The company's global business chalked up a record quarterly pretax profit of $163 million during the span. Its Hong Kong unit earned $55 million, while its New York subsidiary generated $56 million.

"We have built a virtuous cycle by strategically reinvesting capital, resulting in significant achievements in the investment sector," the company said in a statement.

"Moving forward, we will keep identifying high-quality assets and innovative investment opportunities. We are committed to evolving into a global investment specialist that provides diverse opportunities to our clients," it added.

Mirae Asset Securities is an affiliate of Mirae Asset Group, which was founded in 1997 by Chairman Park Hyeon-joo.

Unlike most of its domestic competitors, Mirae Asset Securities has proactively tapped into the global markets. In late 2023, for example, it acquired India's full-service brokerage firm Sharekhan for $360 million.

The share price of Mirae Asset Securities declined 6.68% on the Seoul bourse Tuesday.

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This story was originally published May 12, 2026 at 10:43 AM.