Mirae Asset becomes first Korean brokerage to top W1tr quarterly profit

Mirae Asset Securities became the first South Korean brokerage house to post a quarterly net profit of over 1 trillion won ($673 million), riding high on the domestic stock market rally and its overseas expansion move. Mirae Asset posted consolidated revenue of 14.43 trillion won and operating profit of 1.38 trillion won in the first quarter. The figures marked increases of 138.4 percent and 297.2 percent, respectively, from a year earlier. Net profit also jumped 288 percent on-year to 1.0019 tr

By The Korea Herald