Mirae Asset Securities

What Mirae Asset Securities does

Mirae Asset Securities is South Korea's largest securities firm by market capitalization (W40.2 trillion / ~$27.8 billion) and a publicly traded subsidiary of Mirae Asset Financial Group. Founded in 1999 and headquartered in Seoul, the firm employs 3,475 people — the largest securities firm workforce in the country — and operates through 15 overseas subsidiaries and 3 offices spanning the US, UK, Hong Kong, Singapore, India, Vietnam, Indonesia, and Australia. The company serves retail investors, high-net-worth individuals, corporate clients, multinational corporations, and Southeast Asian institutional investors, with client assets under management surpassing $1 trillion as of May 2026.

The company's core technology stack centers on the proprietary M-STOCK mobile trading platform, which integrates traditional Korean equities, ETFs, government bonds, and digital assets in a single interface. AI-powered tools — including the Mirae Asset AI Wealth Assistant (which has increased active investment decisions by 15% among users) and PB Desk Assistant (which has reduced consultation preparation time to 25% of prior levels) — support the wealth management operation. Mirae Asset Global Investments, a wholly owned affiliate, manages approximately $2.6 billion in internally managed robo-advisory assets and ranks as the world's 11th-largest ETF manager. The firm also issued Asia's first digital bonds ($70 million) using blockchain technology and operates Korbit (92% owned), one of Korea's major cryptocurrency exchanges.

Mirae Asset Securities generates revenue through six primary streams: brokerage commissions (transaction fees on domestic and overseas equities, which grew 39.6% YoY in 2025), wealth management fees (Sage Beyond VIP platform, recurring advisory fees), investment banking transaction fees (14 ECM deals and 149 bond issuances led in 2025, including joint bookrunning on SpaceX's record $75 billion IPO), ETF management fees, overseas operations (Q3 2025 overseas pretax profit ~$207 million), and digital asset services. 2025 operating revenue reached KRW 22.2 trillion ($16 billion) with net income of KRW 925 billion (178% YoY growth), and Q1 2026 consolidated revenue rose 138.4% YoY to W14.43 trillion. Distribution spans direct digital (M-STOCK self-serve), field sales (branches such as Investment Center Apgujeong WM), and channel partnerships (UOB Kay Hian, Interactive Brokers, Webull for foreign investor omnibus accounts).

Name

Mirae Asset Securities

Legal name

미래에셋증권 (Mirae Asset Securities)

Website

https://securities.miraeasset.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Mirae Asset Securities is South Korea's largest securities firm by market cap (W40.2 trillion), serving retail investors, HNWIs, corporate clients, and multinational corporations through brokerage, wealth management, investment banking, ETF management, and digital asset services across 15+ global subsidiaries with $1 trillion+ in client assets.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Open-End Investment Funds (525910), Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Asset-Backed Securities (6189)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industries

Corporate Finance & Capital Advisory (BPAHADAB), Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE), Investment Management Advisory (RIA) (FSAEAAAB), Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)

Keywords

• Retail brokerage services
• Investment banking
• Wealth management
• Equity underwriting
• Asset management

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commissions: Core brokerage revenue from domestic and overseas stock trading, margin lending, and retail investor transactions. Average daily market turnover reached 16.9 trillion won in 2025 with projections of 45 trillion won for 2026 as KOSPI surged over 75 percent. Brokerage commissions grew 39.6% year-on-year.
2. Wealth Management: Premium wealth management services including 'Sage' brand VIP offerings, comprehensive investment advisory, and customized asset allocation solutions for high-net-worth individuals and institutions.
3. Investment Banking: Equity capital markets underwriting including IPO bookrunning (SpaceX, Victory Giant, Madup, etc.), bond issuances (149 bond deals led in 2025), and M&A advisory. Led 14 equity capital markets deals in 2025.
4. Global ETF Business: Mirae Asset Global Investments operates as the world's 11th-largest ETF manager with approximately $2.6 billion in internally managed robo-advisory assets. The global ETF business spans US, Europe, and Hong Kong markets.
5. Overseas Operations: Trading and wealth management expansions in markets including Vietnam, Indonesia, and India following 2023 acquisition of India's Sharekhan. Overseas pretax profit reached nearly $207 million in Q3 2025, representing 26% of first-half pre-tax income.
6. Digital Asset Services: Raised stake in Korbit crypto exchange to 92% for management control and received approval from Hong Kong's Securities and Futures Commission to offer digital asset trading services to retail investors, first Korean brokerage to do so.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels5 records

Core offering

Mirae Asset Securities is South Korea's largest securities firm, providing retail and institutional brokerage (equities, ETFs, margin lending, digital assets via the M-STOCK platform), wealth management (Sage VIP services and AI-powered advisory), investment banking (IPO underwriting, M&A advisory, bond issuance), and asset management through its affiliate Mirae Asset Global Investments, the world's 11th-largest ETF manager. The firm operates across South Korea with 15 overseas subsidiaries and 3 offices spanning India, Singapore, Hong Kong, the US, and Australia.

Product overview

Mirae Asset Securities operates as a comprehensive securities firm offering a broad portfolio of products and services. The core offering includes traditional brokerage services for Korean equities (accessible via M-STOCK mobile platform), wealth management (including Sage Beyond VIP services and AI-powered tools like Mirae Asset AI Wealth Assistant and PB Desk Assistant), investment banking (underwriting IPOs including SpaceX), and asset management (through various ETF products including KODEX and Tiger series). The company has expanded into digital assets through Hong Kong digital asset trading services and Korbit crypto exchange (92% owned), while offering innovative products like IMA (Investment Management Account) for corporate finance access and digital bonds using blockchain technology. The Global Pension Desk serves multinational corporations with retirement pension needs.

Differentiator

Problem solved

Functional benefit

Brands

• M-STOCK: Mobile trading system
• Sage Beyond
• IMA (Investment Management Account)
• Global Pension Desk

Products and services

• M-STOCK Mobile Trading Platform Proprietary mobile trading system integrating traditional investments and digital assets, available through all branch locations and mobile interface. Used by retail investors for trading Korean equities, ETFs, and government bond subscriptions.
• Mirae Asset AI Wealth Assistant AI-powered wealth management tool that provides personalized investment recommendations, having increased active investment decisions by 15% among users.
• PB Desk Assistant AI-powered personal banking desk assistant that automates administrative tasks for relationship managers, reducing consultation preparation time to one-quarter of previous levels.
• Global Pension Desk (GPD) Industry's first dedicated service center for multinational corporations navigating Korea's retirement pension regulations and aligning with global standards.
• Sage Beyond VIP Service Premium VIP service platform targeting young leaders in their 30s and 40s, part of the 'Sage' premium asset management brand providing customized services based on client asset size, life cycle, and lifestyle.
• Mirae Asset Investment Management Account (IMA) Integrated investment management account products that allow customers to pursue returns above market interest rates while securities firms guarantee principal repayment, channeling individual investor capital toward corporate finance and venture capital assets. Three-year closed-end product with 1 million won minimum subscription.
• Digital Asset Trading Services (Hong Kong) Retail digital asset trading services approved by Hong Kong Securities and Futures Commission, making Mirae Asset Securities the first Korean brokerage to offer such services in Hong Kong.
• Digital Bonds (Blockchain-Based) Asia's first digital bonds worth $70 million using blockchain technology, issued in Hong Kong, demonstrating tokenized securities infrastructure capabilities.
• Foreign Investor Omnibus Account Service Service enabling foreign investors in Singapore and Southeast Asia to trade Korean equities through their home-market brokerages via partnership with UOB Kay Hian and other channel partners.
• KODEX Leveraged ETFs Single-stock leveraged ETFs tracking major Korean stocks including Samsung Electronics and SK Hynix, with over 15 trillion won in market capitalization.
• Tiger US Space Tech ETF Space-themed ETF managed by Mirae Asset Global Investments seeking exposure to SpaceX and related aerospace companies.

Quantifiable outcome

• Client assets under management surpassed $1 trillion as of end of May 2026, growing from $442.6 billion in 2022
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor, core and strategic.

• DS Investment & SecuritiesminorOthers · 17 June 2026Mirae Asset Securities customers identified as top 1% investors who were actively bargain-hunting following sell-offs in U.S. tech stocks. DS Investment & Securities raised target price for Samsung Electronics to 530,000 won citing strong memory market conditions.
• Korea Investment ManagementminorStrategic or Co-development Partner · 11 June 2026Korean asset manager that activated backup strategies purchasing SpaceX shares at market price after Mirae Asset Securities' allocation failure disrupted plans. Korea Investment Management added SpaceX to its ACE US Space Tech Active ETF, which now holds approximately 26 percent SpaceX.
• UOB Kay HiancoreChannel Partner/ Reseller/ Distributor · 8 June 2026Mirae Asset Securities launched a foreign investor omnibus account service through partnership with Singapore-based UOB Kay Hian to improve overseas investors' access to South Korean equities. The service was developed through Mirae Asset Securities' Singapore subsidiary and is expected to broaden access to the Korean stock market for investors in Singapore and across Southeast Asia, with UOB Kay Hian having a market cap of approximately 4 trillion won ($2.6 billion).
• Goldman SachscoreStrategic or Co-development Partner · 5 June 2026Mirae Asset Securities participated as joint bookrunner alongside Goldman Sachs (lead underwriter) and Morgan Stanley for SpaceX's record $75 billion IPO at $1.75 trillion valuation. Mirae's first-round private subscription for Korean professional investors sold out within minutes on a $300 million tranche.
• Morgan StanleycoreStrategic or Co-development Partner · 5 June 2026Joint bookrunner for SpaceX IPO alongside Goldman Sachs and Mirae Asset Securities for the landmark $75 billion offering at approximately $1.75 trillion valuation.
• Interactive BrokersminorChannel Partner/ Reseller/ Distributor · 9 May 2026Partnership enabling foreign omnibus accounts for international investors to trade Korean equities directly through their home-market brokerages. Mirae Asset Securities is among seven local brokers preparing to launch the service following FSC abolition of restrictions in January.
• WebullminorChannel Partner/ Reseller/ Distributor · 9 May 2026Partnership for foreign omnibus account services allowing international investors to access Korean equities through Webull's platform. One of several US-based platforms partnering with Korean brokerages.
• HanmiGlobal Asset ManagementminorStrategic or Co-development Partner · 20 April 2026Signed MOU with Mirae Asset Securities to revitalize residential projects under purchase agreements with LH. Partnership aims to strengthen HanmiGlobal's asset management capabilities and expand value chain across real estate development, investment and operations.
• Mirae Asset Global InvestmentscoreStrategic or Co-development Partner · 13 April 2026Mirae Asset Securities' affiliate managing approximately USD 2.6 billion in internally managed robo-advisory assets and operating as world's 11th-largest ETF manager. Tiger US Space Tech ETF missed IPO allocations through Mirae Asset Securities but acquired shares on open market.
• KorbitstrategicStrategic or Co-development Partner · 1 February 2026Raised stake in Korbit cryptocurrency exchange to 92% for management control as part of accelerated acquisition strategy in the crypto exchange market. This move positions Mirae Asset Securities as a major player in digital asset custody and trading services ahead of anticipated security token offering legislation.

Scale indicators13 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Goldman Sachs: Global bulge-bracket IB and broker-dealer. Mirae partnered as joint bookrunner on SpaceX IPO; Goldman offers broader global IB, securities, and asset management, competing with Mirae on cross-border mandates.
• Morgan Stanley: Global full-service broker and wealth manager. Joint bookrunner with Mirae on SpaceX IPO and co-adviser on FuriosaAI Series D; comparable in ECM, M&A advisory, and institutional wealth.
• DBS Bank: Singapore-based universal bank with strong Asian brokerage, wealth, and digital asset capabilities. Comparable on Asian wealth management, ETF distribution, and regional institutional services.

Direct peers

• Samsung Securities: Major Korean full-service securities firm offering brokerage, IB, and wealth management. Directly competes with Mirae Asset for Korean retail brokerage market share, ECM mandates, and high-net-worth clients.
• Hana Financial Investment: Korean securities arm of Hana Financial Group, providing full-service brokerage, IB, and wealth management. Competes for institutional mandates, HNWI relationships, and ECM league position.
• Korea Investment & Securities: One of Korea's top securities firms with strong ETF and asset management business (ACE ETF series). Competes head-to-head on Korean ECM, ETF products, and institutional research.
• NH Investment & Securities: Top-tier Korean brokerage with broad retail and institutional services. Directly comparable across brokerage commissions, IPO underwriting league tables, and proprietary investment gains.
• KB Securities: Korean brokerage within KB Financial Group offering full-service trading, IB, and wealth management. Comparable across ECM, retail brokerage, and proprietary investment.
• Shinhan Investment: Securities affiliate of Shinhan Financial Group with leading Korean brokerage and IB franchises. Direct competitor on retail trading, IPO underwriting, and asset gathering.

Regional players

• Interactive Brokers: Global electronic broker partnered with Mirae for foreign omnibus accounts to access Korean equities. Operates in adjacent brokerage space with a technology-led, self-directed model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/mstock_ebiz
• Facebookfacebook.com/miraeassetmstock
• LinkedInlinkedin.com/company/miraeasset

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mirae Asset Securities