Mirae Asset Securities posts KRW 1T quarterly net income — a Korean securities industry first
Original: 미래에셋증권, 업계 첫 분기 순익 1조 돌파 View original →
Mirae Asset Securities on May 12 reported Q1 2026 consolidated net income of KRW 1.0019 trillion, up 288% year-over-year, and operating income of KRW 1.3750 trillion, up 297%. Revenue rose 138% to KRW 14.4287 trillion. The results mark the first time a Korean securities firm has crossed the KRW 1 trillion threshold on both metrics in a single quarter.
The headline driver was a KRW 804 billion fair-value gain on global investment assets, including SpaceX and other alternative-asset holdings. A separate cornerstone investment in a Hong Kong-listed company contributed an additional KRW 156 billion in profit. Market participants are watching closely for SpaceX's anticipated IPO in Q2 2026, which would trigger an additional large fair-value realisation for Mirae Asset.
Core brokerage metrics also hit records. KOSPI trading between 7,000 and 8,000 powered the brokerage division to KRW 459.4 billion in operating income — an all-time high. The wealth management (WM) unit earned KRW 112.5 billion, also a record. Overseas subsidiaries in the U.S. and India generated KRW 243.2 billion in pretax income, +22% quarter-over-quarter and the highest since Mirae Asset's initial international expansion in 2004.
Asset gathering accelerated sharply. Total AUM stood at KRW 600 trillion at end-2025; by May 10, 2026 it had risen to KRW 776 trillion — an increase of KRW 176 trillion in under six months. Management attributed the inflows to a structural money shift from bank deposits to securities accounts, particularly in pension assets, amid the bull market in Korean equities.
The earnings report signals a structural shift in Korean capital markets: retail participation is deepening, domestic institutions are diversifying into global alternatives, and overseas revenue is now a meaningful contributor. The next catalysts are SpaceX's IPO pricing and Mirae Asset's Q2 guidance update.
Not investment advice. Verify all figures with primary sources before acting.
Related Articles
Palantir rose 16.3% in premarket trading after Q2 revenue grew 93% to $1.94B, ahead of the roughly $1.8B LSEG consensus. U.S. commercial revenue climbed 149% to $764M, making the result a Tier-1 earnings surprise with a double-digit stock reaction.
Wayfair $W rose 18% in premarket trading after Q2 net revenue increased 7.5% to $3.52B and adjusted EPS reached $0.95 versus $0.89 expected. U.S. net revenue rose 8.7% to $3.1B, the company’s strongest domestic growth since 2020.
SanDisk $SNDK fell 8% after hours even as fiscal Q4 non-GAAP EPS of $39.25 beat the $34.59 forecast and revenue reached $8.97B. Investors focused on a Q1 revenue guide of $10.30B-$10.80B, just below the $10.82B consensus cited in market coverage.