South Korea’s Mirae Asset Securities delivered a sharp rise in profit, driven by the strength of its overseas operations. The firm’s operating profit jumped 83% to 540 billion won in the second quarter. Revenue also surged to 7.69 trillion won, while net profit more than doubled to 405.9 billion won. These gains reflect the firm’s growing presence in key international markets.
In the first half of the year, Mirae Asset reached 846.6 billion won in operating profit and 664.1 billion won in net profit. A significant portion of this performance came from its global units. Overseas subsidiaries generated 224.2 billion won in earnings before tax so far this year. That accounts for around 26% of the firm’s total pretax profit of 866.3 billion won.
Much of the growth came from the company’s exchange-traded fund (ETF) business in developed markets. The firm saw strong results in the US, Hong Kong, and Europe. Its Indian branch, Mirae Asset Sharekhan, expanded from basic brokerage services to include wealth management. This move helped strengthen its foothold in one of Asia’s fastest-growing markets.
The company credited its success to tailored localization strategies across foreign markets. Since expanding abroad, Mirae Asset has focused on adapting to local regulations and customer needs. This approach helped boost profitability while minimizing risk. As global markets evolve, the firm’s localized model remains a strategic advantage.
During its latest earnings call, Mirae Asset revealed plans to launch an integrated platform for managing traditional and digital assets. It will also prioritize hiring top talent in areas like artificial intelligence, fintech, and blockchain. These steps aim to solidify the firm’s position in the future of finance. At the same time, Mirae Asset plans to grow its wealth management business in the US, Hong Kong, and Singapore.
In addition, the firm will increase investments in tech-driven companies in key markets like the US, China, and India. This strategy reflects its goal of tapping into high-growth industries. Mirae Asset believes innovation and digital infrastructure are central to long-term success. By focusing on both regional expansion and technology, it positions itself to lead in a competitive global market.
Mirae Asset’s overseas growth and tech-forward vision continue to shape its momentum. With strong earnings, expanded services, and a focus on digital innovation, the company stands ready for the next phase of growth. Investors are watching closely as the firm strengthens its role in international finance.
