Mirae Asset Daewoo Securities Co Ltd

Mirae Asset Securities reported record second-quarter earnings, with consolidated pretax income of KRW2,528.7 billion, up 86% quarter-on-quarter, and net income of KRW1,905.2 billion, up 90%. The results included KRW1,624.2 billion in valuation gains from SpaceX, and even excluding those gains, pretax income of KRW904.4 billion marked the highest in company history. First-half pretax income surged 349% year-on-year to KRW3,886.3 billion, while net income rose 338% to KRW2,907.2 billion. Overseas subsidiaries contributed a record KRW609.1 billion in pretax income, up 150% quarter-on-quarter, and client assets reached KRW784 trillion, up 30% from end-2025. The company also executed KRW300 billion in share buybacks and retired over KRW500 billion in treasury shares, its largest cancellation ever.

The number of securities trading accounts for children under one year old in South Korea has surged nearly threefold from a year earlier to about 15,000 accounts as of June, according to data from Mirae Asset Securities. Meanwhile, new accounts for children aged zero to nine rose nearly 60 percent to around 185,000 accounts, reflecting a trend of parents opening investment portfolios for their children from birth to take advantage of time and compounding power. This is supported by a South Korean stock market rally driven by the AI theme and tax incentives, such as the capital gains tax exemption on stock sales for most retail investors and a gift tax exemption of up to 20 million won per child over a 10-year period.

Mirae Asset has closed a deal to acquire cryptocurrency exchange Korbit, raising its stake in Korbit to 97%. This acquisition underscores the South Korean financial giant's full-fledged expansion into the digital asset market.