Mirae Asset Securities announced on the 13th that it received approval for general currency exchange operations from the Ministry of Strategy and Finance.
This means that individual investors can use currency exchange services for investment, travel, and study abroad funds through Mirae Asset Securities, much like they do at banks. Previously, Mirae Asset Securities only conducted general currency exchange operations for corporations. With this approval, the company has expanded its service scope to individuals.
Earlier, the Ministry of Strategy and Finance revised foreign exchange transaction regulations to allow securities firms that received approval for changes in foreign exchange business in July 2023 to conduct general currency exchange for purposes beyond investment. On the 10th of this month, the foreign exchange transaction regulations were additionally revised to enable cash exchange at securities firm counters.
A representative from Mirae Asset Securities noted, “We are preparing new services aimed at providing new benefits not only to investors but also to travelers and students studying abroad, with a goal of launching within the year.”