[Sponsored Report] Clients 1st at Mirae Asset SecuritiesUnder its philosophy of “Client First,” Mirae Asset Securities has led the growth of Korea’s capital market and securities industries by leading innovation in financial products.
Mirae Asset was the not only the first to offer mutual funds in Korea, but has also been a trailblazer in the nation’s finance industry by introducing wrap-accounts, private equity funds and other innovative products.
Moreover, Mirae Asset Securities expanded beyond the borders of Korea to establish its presence in advanced capital markets such as Hong Kong and United States, as well as creating a global network with its overseas subsidiaries in developing markets such as China, Vietnam and Brazil. Currently, Mirae Asset operates 75 domestic branches in Korea, five overseas subsidiaries and one overseas office. Through this network, Mirae Asset provides diverse portfolios to clients.
In 2015, Mirae Asset has achieved 136.4 billion won ($119.4 million) in operating profits in the first half, with gains from areas such as asset management, consignment sales, trading and investment financing. This shows a 30 percent growth compared to the previous year. In 2014, Mirae Asset’s return on equity was 8.2 percent, ranking first among securities companies in Korea.
Under the initiative to expand its capital to become a truly global investment bank, Mirae Asset Securities held its board meeting on Sept. 9 and has resolved to increase its capital by issuing new stocks as well as free issuing of new shares. By enlarging its capital, Mirae plans to establish its position as a leader in asset management and to strengthen its capabilities as an investment house.
“In order for us to become a highly competitive financial investment firm, this is the right time to expand our equity capital. We strive to become a globally competitive investment company to contribute to our clients, society, as well as to raise shareholder value,” said Byun Jae-sang, CEO of Mirae Asset Securities.
with the Korea JoongAng Daily
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