Mirae Asset Company

Mirae Asset Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Mirae Asset was founded in 1997 by Hyeon-Joo Park in Seoul, South Korea. Originally established as a financial investment company, it has evolved into a global financial services powerhouse, providing a wide range of investment solutions across various sectors.

Parent Company/Ownership Structure

Mirae Asset Financial Group is the parent company of Mirae Asset Securities. The group has diversified its operations to include asset management, investment banking, and life insurance, among other services. Mirae Asset is publicly traded, with its shares listed on the Korea Exchange under the ticker symbol 006800.

Headquarters Location

The company's headquarters is located at Mirae Asset Center 1 Building, 26 Eulji-ro 5-gil, Jung-gu, Seoul, South Korea. This central location positions the company strategically within a major financial hub.

Global Business Scope

Mirae Asset operates in multiple countries, including South Korea, Hong Kong, Vietnam, China, the United States, India, and the United Kingdom. The company has established a significant international presence, managing assets worth over $564 billion as of June 30, 2023.

Main Regulatory Bodies

Mirae Asset is regulated by various financial authorities depending on the region. These include the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) in South Korea, the Securities and Exchange Commission (SEC) in the United States, and other local regulatory bodies in the countries where it operates.

Back to top

2. Company History and Development

Key Milestones

• 1997: Mirae Asset was founded in South Korea.
• 2000: The company launched its first mutual fund.
• 2005: Mirae Asset expanded internationally, opening its first office in Hong Kong.
• 2014: The company acquired a significant stake in the Indian brokerage firm Sharekhan.
• 2023: Mirae Asset announced a partnership with Polygon Labs for a tokenized securities network.

Business Expansion Journey

Mirae Asset's journey of expansion has been marked by strategic acquisitions and partnerships. The company has established a strong foothold in Asia and expanded into North America and Europe, enhancing its global reach. Its acquisition of GHCO, a British ETF market maker, in December 2022 is a testament to its commitment to growth.

Customer Base Growth

Mirae Asset has continuously expanded its customer base by offering innovative financial products and services tailored to meet the diverse needs of retail and institutional investors. The launch of its retail stock broking service, ‘m.stock,’ in India is an example of its efforts to attract a broader audience.

Platform Development History

Over the years, Mirae Asset has invested heavily in technology to enhance its trading platforms. The companys platforms are designed to provide a user-friendly experience, with features such as AI-powered voice search and the ability to trade index baskets.

Important Awards or Recognitions Received

Mirae Asset has received numerous awards for its excellence in financial services, including recognition for its asset management capabilities and innovative investment solutions. The company has been acknowledged as one of the top ETF managers globally.

Back to top

3. Trading Services Offered

Forex Trading Options

Mirae Asset offers a range of forex trading options, providing access to numerous currency pairs. Clients can trade major, minor, and exotic currency pairs, catering to diverse trading strategies.

Stock Trading Options

The company provides a comprehensive stock trading platform that allows clients to trade shares across various global markets. Mirae Asset's trading services include access to both local and international stock exchanges.

CFD Trading Products

Mirae Asset offers Contracts for Difference (CFDs) on various asset classes, allowing clients to speculate on price movements without owning the underlying asset. This includes CFDs on stocks, indices, and commodities.

Other Financial Instruments

In addition to traditional trading options, Mirae Asset provides access to cryptocurrencies and commodities. This diversification allows clients to explore various investment opportunities and hedge against market volatility.

Special Services or Unique Advantages

Mirae Asset differentiates itself through its advanced trading platforms, which are equipped with features like real-time analytics, customizable dashboards, and educational resources for traders. The company also emphasizes security, ensuring that all transactions are protected with bank-grade security measures.

Back to top

4. Regulatory and Legal Background

Detailed Regulatory Information

Mirae Asset is subject to regulation by several financial authorities:

• South Korea: Financial Services Commission (FSC) and Financial Supervisory Service (FSS)
• United States: Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA)
• Other Regions: Local regulatory bodies in countries where Mirae operates.

Legal Entity Structure by Region

Mirae Asset operates through various legal entities in different regions, including:

• Mirae Asset Securities Co., Ltd. in South Korea
• Mirae Asset Securities (USA) Inc.
• Mirae Asset Securities (HK) Limited

Client Fund Protection Measures

Mirae Asset ensures the protection of client funds by adhering to strict regulatory standards and maintaining segregated accounts for client assets. This provides an additional layer of security for investors.

Countries/Regions Served

Mirae Asset has a global footprint, serving clients in numerous countries, including South Korea, Hong Kong, Vietnam, China, the United States, India, the United Kingdom, and beyond.

Compliance History

Mirae Asset has maintained a strong compliance record, regularly undergoing audits and assessments by regulatory bodies. The company is committed to upholding the highest standards of financial integrity and transparency.

Back to top

5. Competitive Landscape

3-5 Main Competitors

Mirae Asset faces competition from several major players in the financial services industry, including:

• Hana Financial Group: A leading financial services provider in South Korea.
• Shinhan Financial Group: Another major competitor in the South Korean market.
• Korea Investment Holdings: A significant player in investment banking and asset management.

Positioning in the Industry

Mirae Asset is positioned as a leading provider of investment solutions, with a strong emphasis on innovation and technology. Its global reach and diverse product offerings enhance its competitive edge in the financial services sector.

Market Differentiation Factors

Mirae Asset differentiates itself through its commitment to technology-driven solutions, extensive research capabilities, and a customer-centric approach. The company's focus on providing a seamless trading experience and a wide range of investment products sets it apart from competitors.

Back to top

In conclusion, Mirae Asset Company has established itself as a formidable player in the global financial services industry, driven by its commitment to innovation, customer service, and compliance. With a robust foundation and a clear vision for the future, Mirae Asset continues to expand its influence and offerings in the financial market.

For more information on Mirae Asset and its services, please visit learn more.