Mirae Asset Securities said on the 6th that net profit for the third quarter (July–September) was 343.8 billion won. That was up 19% from a year earlier. Notably, cumulative net profit for the third quarter came to 1.0079 trillion won, surpassing the 1 trillion won mark.
Mirae Asset Securities said both the brokerage and WM (wealth management) divisions posted record quarterly results. Third-quarter brokerage fee revenue was 263.7 billion won, and financial product sales fees were 91.8 billion won.
Mirae Asset Securities explained that a virtuous cycle has taken hold as both pension and overseas stock balances exceeded 50 trillion won. The idea is that as of the third quarter this year, customers of Mirae Asset Securities generated 10 trillion won in pension gains and 15 trillion won in overseas stock gains, naturally boosting the company's profitability.
Profit at overseas subsidiaries of Mirae Asset Securities also hit an all-time high, and the annualized return on equity (ROE) was 10.8%, maintaining double digits for two consecutive quarters.
As Mirae Asset Group recently unveiled its "Mirae Asset 3.0" vision that blends traditional assets and digital assets, Mirae Asset Securities plans to focus on risk management and delivering global wealth management services.