Mirae Asset Securities
A South Korean securities and investment-banking company within Mirae Asset Financial Group.
Last updated August 31, 2026
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Overview
Mirae Asset Securities is a South Korean financial-services company and a core securities subsidiary of Mirae Asset Financial Group. Its activities include securities brokerage, investment banking, wealth management, public-offering underwriting, trading, investment products, and financial consulting. The company was established in 1999, one year after the formation of Mirae Asset Global Investments, an early Korean retail mutual-fund and asset-management business. From its origins, the Mirae Asset group pursued a business model that combined domestic financial services with international diversification. A defining stage in the company's development was its acquisition of Daewoo Securities. Daewoo Securities originated in 1970 as part of Daewoo Corporation and was separated from that group in 1999. In January 2016, Mirae Asset Securities won the bid to acquire a 43 percent stake in Daewoo Securities for 2.39 trillion Korean won, a transaction described at the time as approximately US$2 billion. The combination created a substantially larger financial-services group and brought the businesses together at the end of 2016. The merged organization subsequently operated under the Mirae Asset Daewoo name before returning to the Mirae Asset Securities name on March 24, 2021. The company serves both retail and institutional customers. Its brokerage business supports securities trading, while its investment-banking activities include corporate finance, advisory work, capital-markets execution, and initial-public-offering underwriting. Wealth-management and consulting services extend the business beyond transaction execution, giving it a role in investment planning and the distribution of financial products. The company is also involved in global brokerage, investment banking, and trading activities across multiple overseas markets. International expansion has been an important element of the wider Mirae Asset strategy. The group has invested in or participated in transactions involving commercial property, hotels, infrastructure, logistics, energy, and other real assets in Asia, North America, Europe, and Australia. These activities have included properties and infrastructure in locations such as Shanghai, Sydney, Washington, Seattle, San Francisco, Hawaii, New Jersey, Australia, Germany, Hong Kong, the United States, Vietnam, Japan, and France. Such transactions reflect a broader effort to diversify the group's portfolio geographically and by asset class rather than relying solely on South Korean securities activity. Mirae Asset Securities has also developed an international capital-markets profile. Its Hong Kong business acted as a joint book-running co-manager for the Nasdaq initial public offering of BioNTech, making it the first South Korean securities company identified in the reference material as serving as an underwriter for a Nasdaq IPO. The company consequently combines domestic brokerage and investment banking with cross-border underwriting, trading, and institutional finance. The company has additionally been associated with sustainability-index participation. As of November 2020, it had appeared in the Dow Jones Sustainability Index World for nine consecutive years and in the Dow Jones Sustainability Index Asia-Pacific and Korea for eleven consecutive years. The available reference material does not provide a current ownership breakdown, a current executive roster, or verified financial results, so those details are not stated here.
History
Mirae Asset Securities was established in 1999, during the period in which Mirae Asset was building a Korean financial-services group centered initially on asset management and retail investment products. Mirae Asset Global Investments had been founded the previous year and was associated with the development of Korean retail mutual-fund distribution. The securities business added brokerage and capital-markets capabilities to that broader financial platform. The company's later history became closely connected with Daewoo Securities. Daewoo Securities had been established in 1970 as a business of Daewoo Corporation. It was separated from Daewoo in 1999 and subsequently became associated with Korea Development Bank before the Mirae Asset transaction. In January 2016, Mirae Asset Securities won the bid to purchase a 43 percent stake in Daewoo Securities for 2.39 trillion Korean won. The transaction significantly expanded Mirae Asset's scale and was presented as creating South Korea's largest financial-services company by assets. The businesses were combined at the end of 2016. Following the combination, the company operated under the Mirae Asset Daewoo name. On March 24, 2021, it was renamed Mirae Asset Securities, restoring the name associated with the original securities business while retaining the capabilities and scale gained through the Daewoo integration. International diversification has been a continuing theme in the group's development. The wider Mirae Asset organization pursued overseas brokerage, investment banking, trading, and investment activities in a range of countries. Its investments and transactions have covered real estate, hotels, logistics centers, energy infrastructure, office buildings, and other assets. Examples listed in the reference material span China, Australia, the United States, Germany, Hong Kong, Vietnam, Japan, France, and other markets. The international portfolio included properties such as the Mirae Asset Tower in Shanghai, hotel investments in Australia and the United States, office and logistics assets, an energy pipeline and cogeneration plant, and other commercial and infrastructure holdings. Mirae Asset Securities' international capital-markets activity has included the Hong Kong operation's role in the Nasdaq initial public offering of BioNTech. Acting as a joint book-running co-manager placed the company within a cross-border underwriting transaction involving a major German biotechnology issuer. The role illustrates the company's effort to connect Korean financial institutions and international issuers with global capital markets. The company provides brokerage, investment banking, wealth management, IPO underwriting, trading, and consulting services. This combination makes it broader than a pure retail broker: it serves individual investors while also working with companies, institutional investors, and issuers. Its sustainability profile has also been highlighted through repeated inclusion in Dow Jones Sustainability Indexes. The reference material records nine consecutive years in the World index and eleven consecutive years in the Asia-Pacific and Korea indexes as of November 2020. More recent operational, ownership, executive, and financial information is not established by the supplied sources.
- 2021
Mirae Asset Daewoo is renamed Mirae Asset Securities
[1]The company changes its name back to Mirae Asset Securities on March 24.
- 2016
Mirae Asset wins Daewoo Securities bid
[1]The company wins the bid for a 43 percent stake in Daewoo Securities for 2.39 trillion Korean won.
- 2016
Daewoo Securities combination is completed
[1]Mirae Asset Securities and Daewoo Securities complete their merger at the end of the year.
- 1999
Mirae Asset Securities is founded
[1]Mirae Asset establishes its securities business in South Korea, following the formation of Mirae Asset Global Investments in 1998.
Products and positioning
A diversified South Korean securities and investment-banking platform with domestic brokerage capabilities and an international, multi-asset financial-services strategy.
Brokerage
Securities brokerage
Mirae Asset Securities provides brokerage services for securities trading in South Korea and through its international businesses. The available source material identifies brokerage as one of the company's principal operating activities, but does not specify a complete product list or current platform features.
Investment banking
Investment banking
The investment-banking business supports corporate finance, capital-markets transactions, advisory work, and issuer services. It operates in the domestic Korean market and through overseas securities businesses, including international underwriting and trading activities.
Wealth management
Wealth management
Wealth-management services extend the company beyond execution-only brokerage by providing investment-related planning, advisory, and financial-product services. The supplied sources identify wealth management as a core business but do not provide detailed current service tiers.
Capital markets
IPO underwriting
Mirae Asset Securities underwrites initial public offerings and other capital-markets transactions. Its Hong Kong business participated as a joint book-running co-manager in BioNTech's Nasdaq IPO, demonstrating the company's ability to take part in international equity offerings.
Advisory
Financial consulting
The company offers consulting and advisory services connected with securities, investment banking, corporate finance, and investment decisions. The reference material does not distinguish the precise advisory products or client segments.
Controversies
2021
Mirae Asset Securities sues Shinhan Investment over Lime fund losses
Mirae Asset Securities said it filed a lawsuit against Shinhan Investment seeking compensation for 9.1 billion won it had returned to investors in Lime Asset Management's trade finance fund. Shinhan Investment denied the allegations that it conspired with Lime to conceal problems with the fund.
Brand decisions
2021
Restore the Mirae Asset Securities nameStrategyBackground
After operating under the Mirae Asset Daewoo identity following the 2016 combination, the company reassessed its corporate naming.
Action taken
The company changed its name to Mirae Asset Securities on March 24, 2021.
Aftermath
The change re-established the Mirae Asset Securities brand as the company's public identity.
2016
Acquire and combine with Daewoo SecuritiesM&ABackground
Mirae Asset sought greater scale and a broader financial-services platform through the acquisition of a major Korean securities company.
Action taken
It won the bid for a 43 percent stake in Daewoo Securities for 2.39 trillion Korean won, followed by a combination completed at the end of 2016.
Aftermath
The transaction created a significantly larger financial-services organization and led to the use of the Mirae Asset Daewoo name before the later return to Mirae Asset Securities.
Purchase price. 2.39 trillion Korean won (January 2016 transaction)
Recent events
- Unconfirmed
Mirae Asset Securities sues Shinhan Investment over Lime fund losses[3]
Reported:
Mirae Asset Securities said it filed a lawsuit against Shinhan Investment seeking compensation for 9.1 billion won it had returned to investors in Lime Asset Management's trade finance fund. Shinhan Investment denied the allegations that it conspired with Lime to conceal problems with the fund.
Mirae Asset Daewoo reports record 2020 operating profit[4]
Reported:
Mirae Asset Daewoo reported preliminary 2020 operating profit of 1.12 trillion won, up 51.76% from the previous year, and annual sales of 16.89 trillion won, up 9.42%.
- Unconfirmed
Mirae Asset Daewoo received a presidential award at the 26th Corporate Innovation Awards[5]
Reported:
Mirae Asset Daewoo said it received a presidential award at the 26th Corporate Innovation Awards for efforts to create new markets through innovation and change while boosting venture capital investment.
Mirae Asset Daewoo receives sustainability recognition[6]
Reported:
Mirae Asset Daewoo received an award at the 2019 DJSI International Conference for appearing on the Dow Jones Sustainability World Index for an eighth consecutive year.
Sources6 sources
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