Mirae Asset Securities Tops W1 Trillion Quarterly Net Profit First in Industry

Mirae Asset Securities surpassed W1 trillion in quarterly net profit in the first quarter of this year, becoming the first company in Korea’s securities industry to do so. The result was driven largely by a stock market boom that lifted brokerage commission income and WM, or wealth management, fee revenue. Improved performance at overseas subsidiaries also contributed to the stronger quarterly earnings. The entry into the “W1 trillion quarterly club” shows how active market trading, asset management revenue and overseas business results combined to support profitability. Future earnings will depend on stock market conditions, fee income and whether overseas subsidiaries can sustain their improvement. Source: mk.co.kr