Mirae Asset Securities
Native name | 미래에셋증권 주식회사 |
---|---|
Formerly | Daewoo Securities Mirae Asset Daewoo |
Company type | Public |
KRX: 006800 | |
Industry | Financial services |
Founded | 1970 |
Founder | Park Hyeon-joo |
Headquarters | 26, Eulji-ro 5-gil, Jung-gu,, |
Area served | Worldwide |
Key people | Kim, Mi Seob (Vice Chairman and CEO) / Her, Sun Ho (Vice Chairman and CEO) |
Products | Investment banking |
Website | Mirae Asset Securities |
Mirae Asset Securities Co., Ltd. (Korean: 미래에셋증권 주식회사; RR: Mirae Eset Jeunggwon Jusik Hoesa) is the largest investment banking and stock brokerage company by market capitalization in South Korea. Mirae Asset Securities has been merged with Daewoo Securities as the end of December 2016.[1]
Overview
Mirae Asset Securities is a financial services company that provides brokerage services, investment banking, wealth management, IPO underwriting and various consulting services.
History
Mirae Asset Securities was founded in 1999, a year after Mirae Asset Global Investments, Korea's first retail mutual funds offering asset management company, was founded.[citation needed] In the meantime, Daewoo Securities was founded in 1970 as a part of the conglomerate Daewoo Corporation. Daewoo Securities was spun off from the Daewoo Corporation in 1999 and has merged to Korea Development Bank and merged with Mirae Asset Securities as of the end of 2016.[citation needed]
In January 2016, Mirae Asset Securities succeeded bidding to buy a 43 percent stake in Daewoo Securities for 2.39 trillion won ($2 billion) in a deal that created South Korea's largest financial service providing company by assets.[citation needed]
On March 24, 2021, Mirae Asset Securities was renamed from Mirae Asset Daewoo.[2]
Global business
Mirae Asset Securities engages in global brokerage, investment banking, and trading businesses in ten foreign countries. Since the foundation of the group, Hyeon-Joo Park always wanted to expand the business globally in order to diversify the business portfolio. Before the merge, Mirae Asset Securities engaged in investment activities of buildings and infrastructures: Mirae Asset Tower at Pudong, Shanghai in 2006, Four Seasons Hotel at Sydney in 2013,[3][4] 1801K street building at Washington D.C. in 2014,[5] Amazon Phase VIII at Seattle in 2016, Fairmont Hotel in San Francisco in 2015,[6] Hyatt Regrancy Resort at Hawaii in 2016,[7][8] Novo Nordisk at New Jersey in 2016,[9] Federal Government Office at Australia in 2017, T8 Office Building in Germany, The Center Building at Hong Kong in 2018, FedEx logistics centers across six US cities in 2018, EPIC NGL Pipeline at Texas in 2018,[10] Gas Cogeneration Plant at New Jersey in 2018,[11][12] Hanoi Logistics at Vietnam in 2018,[13][14] The Cosmopolitan Hotel at Las Vegas in 2018,[15][16] Four Seasons Hotel in Hawaii in 2018,[17] Aoyama Building in Japan in 2019, Tour Majunga in France in 2019,[18][19] Anbang Hotel Portfolio in 2019,[20] etc.[21][22]
Mirae Asset Securities Hong Kong acted as a joint book-running co-manager for BioNTech, a German biotechnology firm, which has been the first South Korean securities company to become an initial public offering underwriter on NASDAQ.[23][24]
Sustainability
Mirae Asset Securities has been listed in Dow Jones Sustainability Index World for 9 consecutive years. Mirae Asset Securities also has been listed in Dow Jones Sustainability Index Asia-Pacific and Korea for 11 consecutive years as well as of November 2020.[25]
References
- ^ "Mirae Asset Buy $2 Billion Stake in Daewoo Securities". 25 January 2016 – via Bloomberg.
- ^ "Mirae Asset Daewoo to Be Renamed Mirae Asset Securities". Business Korea. Retrieved 10 March 2021.
- ^ Cummins, Carolyn (2013-08-21). "Four Seasons sold for $340 million". The Sydney Morning Herald. Retrieved 2019-08-30.
- ^ "Mirae Asset Global Investments Acquires Four Seasons Hotel Sydney for $306.8M". www.hotelexecutive.com. 2013-08-26. Retrieved 2019-08-30.
- ^ "Somerset Partners parts with 1081 K St. NW in first downtown investment sale of 2015". Washington Business Journal. Retrieved 2019-08-30.
- ^ "Mirae Strikes $450M Deal For San Francisco Hotel - Law360". www.law360.com. Archived from the original on 2019-08-30. Retrieved 2019-08-30.
- ^ "Korea's Mirae Asset considers Hyatt Regency Waikiki Beach Resort buy". Hotel Management. 2016-06-06. Retrieved 2019-08-30.
- ^ "Korea firm closes on purchase of Hyatt Regency Waikiki Beach Resort". Pacific Business News. 2016-10-10. Retrieved 2019-08-30.
- ^ 연희, 김. "Two French offices draw Korean bidders in $1.2 bn deals". KOREAN INVESTORS. Retrieved 2019-08-30.
- ^ 연희, 김. "Ares Management secures $300 mn in US gas project debt from Korea". KOREAN INVESTORS. Retrieved 2019-08-30.
- ^ "Korean Group buys Stake in New Jersey gas-fired Plant". www.power-eng.com. 2018-08-30. Retrieved 2019-08-30.
- ^ "GS EPS buys 10% stake in New Jersey-based Linden power complex - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2019-08-30.
- ^ "Mirae Asset forms strategic partnership with VinaCapital Ventures". Hanoi Times. Retrieved 2019-08-30.
- ^ VIR, Vietnam Investment Review- (2018-11-12). "Mirae, Naver acquire logistics centres in Vietnam". Vietnam Investment Review - VIR. Retrieved 2019-08-30.
- ^ Cole, Olivia (2018-01-05). "Mirae Asset Acquires $95-Million Mezzanine Debt on Las Vegas' Cosmopolitan Hotel and Casino". Casino Guardian - Latest United Kingdom Casino News. Retrieved 2019-08-30.
- ^ 연희, 김. "Mirae Asset buys $95 mn debt on Blackstone-owned Cosmopolitan hotel". KOREAN INVESTORS. Retrieved 2019-08-30.
- ^ Ahn, Sung-mi (2018-08-20). "Mirae Asset Daewoo invests W110b in Four Seasons Hotel in Hawaii". Retrieved 2019-08-30.
- ^ "Mirae Asset Daewoo et Amundi Immobilier finalisent l'acquisition de la tour Majunga". Defense-92.fr (in French). 2019-07-05. Retrieved 2019-08-30.
- ^ "South Korean investor Mirae partners Amundi to buy Paris skyscraper". IPE RA. 4 July 2019. Retrieved 2019-08-30.
- ^ "Mirae Emerges as Lead Bidder for Anbang Hotel Portfolio". Bloomberg. 2019-08-13. Retrieved 2019-08-30.
- ^ "Mirae Asset ramps up real estate investment - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2019-08-30.
- ^ 연희, 김. "Ares Management secures $300 mn in US gas project debt from Korea". KOREAN INVESTORS. Retrieved 2019-08-30.
- ^ "Mirae Asset Daewoo becomes first S. Korean IPO underwriter on Nasdaq". The Korea Herald. 2019-11-04. Retrieved 2020-02-13.
- ^ "BioNTech Announces Pricing of Initial Public Offering". www.businesswire.com. 2019-10-10. Retrieved 2020-02-13.
- ^ "Mirae Asset Daewoo included in DJSI for 9 consecutive years". The Korea Times. Retrieved 2020-11-15.
External links
- Official website
- Business data for Mirae Asset Securities: