Mirae Asset Securities achieved a record net profit of over 1.9 trillion won in the second quarter of this year, marking the highest quarterly performance in its history. The growth was driven by strong performance across its key sectors, including global business, brokerage, and wealth management (WM). The company also became the first in the securities industry to surpass 1 trillion won in net profit for two consecutive quarters.
On August 12, Mirae Asset Securities announced that its consolidated net profit for the second quarter reached 1.9052 trillion won, a 369.4% increase compared to the same period last year. This figure represents a 90.2% rise from the previous quarter's profit of 1.020 trillion won.
For the first half of the year, the company reported a cumulative pre-tax profit of 3.8863 trillion won and a net profit of 2.9072 trillion won, reflecting increases of 349% and 338%, respectively, from the same period last year. By the end of the second quarter, its equity capital had expanded to 16.2 trillion won, with a return on equity (ROE) of 39.5% for the first half.
In the domestic market, the growth in brokerage and WM sectors continued, supported by an increase in customer assets and active trading.
Brokerage commission revenue for the second quarter reached 625.6 billion won, a 36% increase from the previous quarter. Revenue from financial product sales also hit a record high of 131 billion won, surpassing the previous quarter's 112.5 billion won.
Total customer assets, both domestic and international, amounted to 784 trillion won, an increase of 124 trillion won from the end of the first quarter. Pension assets also exceeded 80 trillion won as of the end of June. Over the past year, the growth rate of retirement pension reserves has exceeded 60%, approximately 2.5 times the market average.
Mirae Asset Securities is expanding its asset management services, including the introduction of its retirement pension RoboWRAP service through IRP accounts, which manages everything from portfolio composition to actual trading.
The company's overseas operations also achieved record results, with pre-tax profit from its foreign subsidiaries reaching approximately 609.1 billion won in the second quarter. The United States accounted for 37% of this, followed by Hong Kong at 35%, London at 18%, and India at 5%, reflecting strong performance across key international markets.
The contribution of overseas subsidiaries to consolidated pre-tax profit was about 24%, an increase of 6 percentage points from the previous quarter. The ROE for overseas subsidiaries was approximately 24.8%.
Trading and other financial gains rose to 836.9 billion won, a 107% increase from the previous quarter. Investment banking commission revenue also grew by 65% to 42.8 billion won, indicating improvements across major business areas.
Mirae Asset Securities is also expanding its business scope centered around a global investment platform. In June, it launched the 'MAPS' global investment platform in Hong Kong, which encompasses both traditional and digital assets. The company plans to expand services to major markets such as the United States and Singapore.
Additionally, it is working on establishing an inbound distribution platform that allows global investors to directly invest in Korean stocks and Mirae Asset exchange-traded funds (ETFs).
In the digital finance sector, the company is preparing infrastructure in line with the institutionalization of security token offerings (STOs). It aims to expand the digital finance ecosystem, including the tokenization of real-world assets (RWAs) and security tokens, leveraging synergies with Digital X (formerly Korbit).
A representative from Mirae Asset Securities stated, "We will continue to strengthen our long-term trust with customers and develop into a global investment platform that contributes to their successful asset management."
* This article has been translated by AI.
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