Mirae Asset performance Mirae Asset Performance Recently, there’s been a lot of talk about the ‘boom’ in the domestic securities industry. In particular, the Q1 2026 earnings announcements show a remarkable surge by securities firms, with Mirae Asset’s performance being overwhelmingly dominant. The prevailing assessment is that this is not merely due to a domestic stock market boom, but rather the result of a global strategy and an innovative investment portfolio. It’s worth taking a closer look at how Mirae Asset was able to achieve such astonishing records and the background behind it.
Record-High Q1 Performance, What’s the Background?
Mirae Asset Securities recorded a pre-tax profit of KRW 1.3576 trillion and a net profit of KRW 1.0019 trillion on a consolidated basis in Q1 2026, breaking its all-time quarterly record. These figures represent a 292% and 288% increase, respectively, compared to the same period last year. This strong performance was significantly influenced by the increase in brokerage revenue in the domestic stock market, along with the simultaneous growth of overseas subsidiaries and global investment businesses. In particular, the expansion of overseas stock investments by domestic investors and the increased demand for global ETF and bond investments are analyzed as key factors driving Mirae Asset’s performance. Brokerage commission revenue increased by 38% year-on-year to KRW 459.4 billion, and WM commission revenue also increased by 17% to KRW 112.5 billion. Pre-tax profit from overseas subsidiaries also reached a record high of KRW 243.2 billion.
SpaceX Investment Becomes a ‘Stroke of Genius’
When discussing Mirae Asset’s Q1 performance, the investment in SpaceX cannot be overlooked. Mirae Asset Group has made an equity investment of approximately KRW 800 billion in SpaceX through funds since 2022, and the current value of its holdings is estimated to be around KRW 3.3 trillion. According to a researcher at Kiwoom Securities, if SpaceX goes public with a corporate value of USD 1.75 trillion, an additional valuation profit of KRW 1.3 trillion could be generated for Mirae Asset Securities. In fact, approximately KRW 804 billion in valuation gains related to unlisted innovative companies are reportedly reflected in the Q1 performance. However, regarding SpaceX’s plan for a public offering to domestic individual investors, a verbal warning was issued against ‘excessive promotion,’ and the specific sales method has not yet been determined. This is because there is no precedent under domestic law for publicly offering overseas IPO shares to domestic individual investors.
Strengthening Global Competitiveness and Mirae Asset 3.0
Mirae Asset is not just a strong player in the domestic market but is also making its presence felt in the global market. Recently, Mirae Asset Securities surpassed Japan’s Nomura Securities in terms of market capitalization, enhancing the status of Korean securities firms. Furthermore, the news that Mirae Asset Group’s market capitalization has exceeded Shinhan Financial Group is an example of the changing landscape in the financial sector amid the strength of securities stocks. Based on these achievements, Mirae Asset Securities is focusing its capabilities on making 2026 the first year of ‘Mirae Asset 3.0.’ Mirae Asset 3.0 is a mid-to-long-term vision to secure sustainable growth engines by leading the transition to a new financial order, including digital assets, beyond traditional finance. To this end, it is striving to improve profitability across all business divisions, including WM, global, IB, and trading, and to increase customer assets.
Individual Investor National Bonds and Market Changes
Meanwhile, Mirae Asset Securities conducted subscriptions for individual investor national bonds in May 2026, and this product has recorded oversubscriptions for four consecutive months since its issuance. Individual investor national bonds are savings-type national bond products issued by the government to individual investors, offering high stability along with the benefit of separate taxation on interest income for purchases up to a total of KRW 200 million. The high interest in such products appears to be a complex result of market demand for stable assets and improved investment attractiveness through institutional improvements by the Ministry of Economy and Finance. The ‘debt-fueled investment’ craze in the domestic stock market is also hot, with the Q1 interest income from credit loans of the top 10 large securities firms totaling KRW 600 billion, and Mirae Asset is included in this.
Ultimately, Mirae Asset’s Q1 2026 performance is not simply due to luck but is the result of pioneering global markets with a long-term perspective and boldly engaging in innovative investments. We look forward to seeing what new financial horizons Mirae Asset will open under the ‘Mirae Asset 3.0’ vision. It will be noteworthy to see if it leads market changes and provides better opportunities for investors.