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December 26, 2022
Analyst reports going virtual
...brand promotions through reality dating show content. On the six-part reality dating show “Pullin’ Up Romance” on YouTube, cast members date each other while managing seed money provided to them. Mirae Asset Securities also released a drama series called “Mirae...
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December 12, 2022
24 Korean firms named to Dow Jones' sustainability index
...ific index, Amorepacific, Samsung Fire & Marine Insurance and Samsung SDS were newly added. Samsung SDI, Samsung Electro-Mechanics, Shinhan Financial, SKT, LG Household & Health Care, KB Financial, Mirae Asset, Samsung Securities, SK hynix and LG Electronics maintained their p...
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December 01, 2022
Foreign investors snap up tech shares
...possibly easing up on its COVID restrictions, foreign buyers are anticipating on growth of related markets. If the Chinese market recovers, so does the Korean market,” Seo Sang-young, an analyst at Mirae Asset Securities, said. China’s State Council held a briefing Tuesday ...
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November 06, 2022
Millie’s Library pushes ahead with IPO despite lukewarm market
...00 won ($15) and 25,000 won. After testing the waters with two-day preliminary proceedings on Friday and Monday, the company is planning to make its stock debut on Nov. 22. The main underwriter is Mirae Asset Securities. Millie's Library's IPO comes amid dampened appetite fo...
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November 01, 2022
Luxury resort brand Capella to land in S. Korea
...oor. The resort is directly connected to the beach as well, it added. Mastern Investment Management is taking the lead in the construction project with Taeyoung E&C as the construction company and Mirae Asset Securities in charge of financing. Luxury resort developer Ayumm is...
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October 24, 2022
After soaring past W75tr, can ETF market keep growing?
...” themes such as K-pop, the metaverse and gaming make investors' portfolios more colorful. Local asset managers, noting the surging interest, have been aggressively expanding their ETF business more ...0 rule, but the actual management is not that simple,” Nathan Nam-ki Kim, executiv...
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October 12, 2022
KT&G, Mirae Asset launch W40b matching fund
KT&G Corp. and Mirae Asset Financial Group launched a strategic matching fund to invest in startups and find new growth engines. The two contributed 20 billion won ($13.9 million) each into the new fund which will invest mainly in health care and companies with good environment...
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September 27, 2022
Mirae Asset backs out of W4.1tr IFC deal
South Korea’s Mirae Asset Global Investments is pulling out of a 4.1 trillion won ($2.86 billion) deal to acquire IFC Seoul, a landmark complex in Yeouido, western Seoul, from Canada’s Brookfield Asset Management, industry sources said Monday. In May, Mirae
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August 31, 2022
Korean financial groups make aggressive expansion in Vietnam
...ry important market for us," the spokesperson added. Korea Investment & Securities' net profit jumped 179.4 percent to 28.1 billion won on-year in 2021, according to a regulatory filing. Its rival Mirae Asset Securities' net profit from its business in Vietnam jumped 64.3 per...
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August 08, 2022
SoCar IPO faces lukewarm response from investors
...ther lower its IPO price and go public, or withdraw its application for a market debut on the benchmark Kospi. The company is scheduled to launch its IPO for retail investors on Aug. 10 and 11 with Mirae Asset Securities as the main underwriter. In addition to the dramatic sl...
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August 04, 2022
Car-sharing platform SoCar to go public this month
... testing the waters with the two-day preliminary proceedings scheduled for Thursday and Friday next week. The preferred share price is set between 34,000 won and 45,000 won. The main underwriter is Mirae Asset Securities. “We will use 60 percent of the IPO funds to acquire s...
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August 01, 2022
Foreign investors turn net buyers of S. Korean stocks in July
...revent a downturn would all help back the rally, Kim added. “But a slowing US economy is something we should take into consideration,” said Seo Sang-young, head of the media contents department at Mirae Asset Securities. “A weakening won does not bode well for foreign inve...
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July 05, 2022
Kospi tumbles to new low for the year
... the cited period in 1990. “The Korean market has already priced in existing risks, but the issue of economic recession is likely to continue to weigh on the market,” Seo Sang-young, an analyst at Mirae Asset Securities said. Recession fears have soured retail investor sen...
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June 20, 2022
Kospi dives 18% this year, with no let-up in sight
... 25.7 trillion won ($199.9 billion) in 2021 from 24.8 trillion won in 2020. So far this year, foreign net selling topped 18.2 trillion won. Seo Sang-young, head of the media contents department at Mirae Asset Securities, said stocks will be taking a hit for the time being, an...
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June 15, 2022
As US Fed decision looms, Kospi sinks under 2,500
...w until the Fed decides on the rate hike. “The speculation over a steeper-than-expected liftoff is what’s weighing on Korean markets,” said Seo Sang-young, head of the media contents department at Mirae Asset Securities. The latest data on Korean consumer prices from the ...
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June 14, 2022
McDonald’s Korea back on sale after six years
...ny confirmed Friday that its US headquarters is selling its entire stake in the Korean unit as well as its business license after its first failed attempt six years ago. According to news reports, Mirae Asset Securities, the deal’s lead manager, plans to send letters as earl...
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June 14, 2022
Kospi hits 19-month low as US inflation skyrockets
...the US Fed had promised. The Fed’s two-day policy meeting starts on Tuesday. “The Kospi will seesaw this week as the meeting is held,” said Seo Sang-young, head of the media contents department at Mirae Asset Securities. “Persistently high inflation means an impending sl...
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June 06, 2022
Talks for alternative trading system gain steam
...e is led by the Korea Financial Investment Association, a self-regulatory body of 525 brokerages, asset managers and insurers operating here. The task force was created in 2019 by KOFIA and seven majo... -- KB Securities, Samsung Securities, NH Investment & Securities, Korea Investment ...
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May 30, 2022
E-book platform Millie’s Library to go public by end of 2022
... as planned, it will be the country’s first e-book platform to go public. Its shares are poised to start trading on the Korea Exchange’s secondary Kosdaq. The lead manager of the envisioned IPO is Mirae Asset Securities. The corporate value of Millie’s Library is estimate...
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May 24, 2022
Investors warned over ‘frothy’ markets amid wobbly Kospi
...l trade bottlenecks ease faster than projected, investors could bet on a gradual Kospi rebound, according to Korea Investment & Securities. Seo Sang-young, head of the media contents department at Mirae Asset Securities, said the Kospi would face market correction as it appro...
November 23, 2024
