Mirae Asset Securities Co., Ltd. is the largest investment banking and stock brokerage company by market capitalization in South Korea. Mirae Asset Securities has been merged with Daewoo Securities as the end of December 2016.[1]
Overview
Mirae Asset Securities is a financial services company that provides brokerage services, investment banking, wealth management, IPO underwriting and various consulting services.
History
Mirae Asset Securities was founded in 1999, a year after Mirae Asset Global Investments, Korea's first retail mutual funds offering asset management company, was founded. In the meantime, Daewoo Securities was founded in 1970 as a part of the conglomerate Daewoo Corporation. Daewoo Securities was spun off from the Daewoo Corporation in 1999 and has merged to Korea Development Bank and merged with Mirae Asset Securities as of the end of 2016.
In January 2016, Mirae Asset Securities succeeded bidding to buy a 43 percent stake in Daewoo Securities for 2.39 trillion won ($2 billion) in a deal that created South Korea's largest financial service providing company by assets.
On March 24, 2021, Mirae Asset Securities was renamed from Mirae Asset Daewoo.