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November 08, 2024
IFC Seoul in acquisition talks for over W3tr
Singapore’s ARA Asset Management is reportedly in talks with Brookfield Asset Management to acquire the International Finance Center Seoul, one of South Korea's largest mixed-use commercial propertie...nagement industry official said. Previously in 2021, Brookfield attempted t...
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November 08, 2024
Mirae Asset Securities Q3 earnings more than double
Mirae Asset Securities, a leading brokerage house in Seoul, reported robust earnings in the third quarter, largely buoyed by the strong performance of overseas units. In its earnings report on Thursday, the brokerage firm said its operating profit more than doubled to 370 billi...
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November 01, 2024
Financial watchdog puts brakes on Korea Zinc’s W2.5tr capital increase
...t. 11, Korea Zinc stated the company “does not have a detailed plan that brings change to the financial structure” after the bidding campaign. Yet its capital increase registration statement shows Mirae Asset Securities conducted due diligence on the company from Oct. 14 to...
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October 30, 2024
Toss eyes Nasdaq debut
...s decided to drop its planned Kospi listing in favor of the Nasdaq in New York. The official also confirmed that the company has notified its local underwriters — Korea Investment & Securities and Mirae Asset Securities — of its decision to halt the IPO process in Korea. T...
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October 08, 2024
Banks, brokerages, insurers spent W2.4tr in entertainment expenses over last five years
...trictly examine whether entertainment expenses are being used excessively or improperly." Earlier in February, the FSS conducted on-site investigations into seven major securities firms, including Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securiti...
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September 24, 2024
Hyundai Motor, Mirae Asset to list on value-up index
Global investment bank Morgan Stanley has come under the scrutiny of local authorities, following the suspicious execution of a sell order on SK hynix shares made before releasing a bearish report on the chip giant’s outlook. On Sept. 15, during the Chuseok holiday, Morgan Stanley’s Asia-Pacific...
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September 23, 2024
Mirae Asset named ‘Best Securities House in Korea’ by Euromoney
South Korea's largest stock brokerage company Mirae Asset Securities said Monday that it has been recognized as the "Best Securities House in South Korea" by Euromoney at the Euromoney Securities Houses Awards 2024. The accolade follows Mirae Asset Group Cha...
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September 22, 2024
Samsung, SK hynix market caps plummet W117tr amid semiconductor uncertainty
... peak in July, reflecting concerns over extreme oversupply, which has a limited likelihood of materializing,” said Hwang Min-seong, an analyst at Samsung Securities. Kim Young-gun, a researcher at Mirae Asset Securities, also said, "The recent stock price decline is more the...
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September 19, 2024
Fintech rivals K bank, Toss gear up for IPOs
...ator behind financial services app Toss and parent of internet-only Toss Bank, is also preparing for an IPO. The company is aiming for a 2025 listing and appointed Korea Investment & Securities and Mirae Asset Securities as lead underwriters in February. Viva Republica’s mar...
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September 10, 2024
Korean asset managers vie to ride Indian wave
South Korean asset managers are eagerly introducing diverse fund products tracking the Indian stock market, seeking lucrative opportunities in its strong growth. Korea Investment Management, a big-n...country’s sole bourse operator. The fund products, including those introduced by cross...
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September 08, 2024
[Hello India] India makes fresh overture to lure Korean financial firms
...ndia, led by eight banks with 14 branches and two local offices. Shinhan Bank recently made a notable move by acquiring a 10 percent stake in Credila, a local non-banking lender, for $180 million. Mirae Asset Financial Group has established a strong presence in India. In 2023...
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August 14, 2024
[Hello India] Korean investors flock to India's booming stock market
...ation of over 1.4 billion. Akshay Zutshi, vice president at Lighthouse Canton, a Singapore-based asset manager that specializes in the Indian market, suggested four sectors that could present attract...bounce back quickly after the pullbacks," said Manish Jain, director of internationa...
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August 13, 2024
[Herald Interview] Why Korean investors can benefit from US equity exposure
...spective can be helpful,” he said. The S&P 500 Equal Weight Index, which assigns the same weight to all its underlying stocks, can be an option in times of high volatility, Preston said. In July, Mirae Asset Global Investments introduced the Tiger US S&P 500 Equal Weight ET...
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August 08, 2024
Mirae Asset chief honored with AIB award
Mirae Asset Financial Group Chairman Park Hyeon-joo has been recognized by the Academy of International Business for expanding the financial service provider's scope of business on a global level. P... Recognizing the importance of incorporating artificial intelligence technol...
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July 22, 2024
Biden's withdrawal sparks mixed outlook for Kospi
...ronics also dropped 2.15 percent and 1.66 percent as investors worry that a potential second Trump presidency would negatively affect them due to his tariff plans and renewed trade war with China. Mirae Asset Securities Analyst Kim Seok-hwan predicted that foreign investors' ...
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July 18, 2024
Asset managers rush to rebrand ETF products to spur growth
Buoyed by the sharp growth of the local exchange-traded fund market, South Korean asset managers are rushing to rebrand their product lineups, trying to target investors with a fresh edge. According... to India’s benchmark Nifty 50. While the domestic ETF market is spearheaded by cross...
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July 04, 2024
Mirae Asset chief named AIB executive of the year, first feat for Asian financier
Mirae Asset Financial Group Chairman Park Hyeon-joo on Wednesday received the International Executive of the Year Award from the Academy of International Business, a top industrial honor, recognized for his pivotal role in lifting the firm as a global financial service provider....
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June 26, 2024
Mirae Asset Global Investments' global assets exceed W340tr milestone
Mirae Asset Global Investments' assets exceeded 340 trillion won ($244.7 billion), with over 40 percent being managed on behalf of overseas clients, boasting extensive overseas footholds buoyed by it...e 585 global ETFs operated by Mirae Asset around the worl...
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June 26, 2024
Mirae Asset Securities bolsters global expansion with India, Europe push
Mirae Asset Securities, South Korea's largest stock brokerage company, has been achieving feats in its global expansion through its localization strategy coupled with acquisitions of financial firms ...and investments into innovative companies,” an official from Mirae...
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June 24, 2024
Mirae Asset to launch new covered call ETF for retirees
Mirae Asset Global Investments, Korea’s leading asset management firm, will launch a new covered call exchange-traded fund that generates monthly income to target investors who are preparing for post...rsification and expenses," Mirae Asset Global ...
November 23, 2024
