Mirae Asset Securities reported on the 7th that its consolidated net income for the second quarter (April to June) of this year is 405.9 billion won, an increase of 103.2% compared to the same period last year. The net income for the first half of this year also rose to 664.1 billion won, up 80.3% from the same period last year.
Mirae Asset Securities' annualized return on equity (ROE) was 10.9%, exceeding its value-up disclosure target. Consolidated equity was recorded at 12.4 trillion won.
The performance of overseas subsidiaries had a significant impact. The pre-tax profit of overseas subsidiaries was 106.1 billion won, marking 1 billion won for two consecutive quarters. Among the total pre-tax profits of Mirae Asset Securities for the first half of the year, 26% was generated overseas.
A representative of Mirae Asset Securities noted, "The business focused on exchange-traded funds (ETFs) in advanced markets such as the United States, Hong Kong, and Europe drove our main results, while Mirae Asset Sharekhan in India is expanding its business from brokerage to the asset management (WM) area, broadening its presence locally."
As of the end of June this year, the WM sector recorded approximately 533 trillion won in client assets and 47.3 trillion won in pension assets, setting a new historical record once again. The accumulated balance of retirement pensions increased by about 3 trillion won in the first half of this year, placing Mirae Asset Securities first among 42 retirement pension providers.
Investment purpose assets recorded a net profit of approximately 13 billion won. The increase in fair value of assets invested in innovative companies in the U.S. and China was significantly reflected. The corporate finance (IB) sector led 10 initial public offerings (IPOs) in the first half of the year, ranking first in the league table.
Mirae Asset Securities announced plans to implement an 'all-in-one' service that manages traditional and digital assets on a single platform in the second half of this year and to establish a groundbreaking stock option compensation system to actively recruit top tech talents equipped with digital assets, artificial intelligence (AI), and IT capabilities.
Additionally, they plan to launch a dedicated organization called 'WM Studio' that combines data-driven digital asset management with private banking (PB) services and significantly expand the current workforce of 50 digital PB personnel.