Mirae Asset Daewoo, First in Industry to Surpass 15 Trillion KRW in Overseas Stock Assets

Revenue of 3.4 trillion KRW earned by customers overseas since 2017
Number of overseas stock investors increased about 11 times from 18,000 in early 2017 to approximately 220,000 this year

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 16th that it is the first in the securities industry to surpass 15 trillion won in overseas stock assets. This figure represents a 15-fold increase in three years since surpassing 1 trillion won in January 2017, with an increase of 7.8 trillion won this year alone.

Mirae Asset Daewoo's overseas stock assets have rapidly increased, starting with surpassing 1 trillion won in 2017, reaching 2.9 trillion won by the end of 2017, 4.4 trillion won by the end of 2018, and 7.2 trillion won by the end of 2019.

Additionally, the profits of customers investing in overseas stocks have exceeded 3.4 trillion won. This is the profit earned by customers through overseas investments over about four years since the merger of Mirae Asset Daewoo in 2017. While the overseas stock investment profit and loss for one year in 2017 was about 200 billion won, the investment profit and loss up to now this year has reached 2.6 trillion won.

So far, Mirae Asset Daewoo has made significant efforts to create national wealth through overseas investments based on the goal of "increasing customers' wealth through financial exports."

A Mirae Asset Daewoo official stated, "Since the founding merger, we have emphasized to all employees the vision of contributing to customers' peaceful retirement preparation through asset allocation," adding, "For customers' peaceful retirement, we have provided various investment opportunities through global asset allocation rather than focusing solely on domestic assets."

88% (3 trillion won) of the total customer investment profits occurred among asset management (WM) customers. In particular, there was a difference in returns depending on whether a WM manager was assigned. Overseas stock investors with managers recorded a 54% return during the same period, while those without managers recorded a 30% return.

A Mirae Asset Daewoo official said, "Compared to customers investing in unverified overseas stocks, customers who were presented with promising stocks of excellent companies analyzed for risk and growth showed relatively higher investment returns," and added, "This result is interpreted as the outcome of encouraging long-term investment in verified quality assets through Mirae Asset Daewoo’s unique global network, avoiding frequent trading." The top overseas stock holdings of Mirae Asset Daewoo customers include Tesla, Amazon.com, Hangzhou Pharmaceutical, Apple, and Microsoft.

The number of Mirae Asset Daewoo customers trading overseas stocks is steadily increasing. In 2016, about 18,000 customers invested in overseas stocks, but now more than 220,000 customers, more than ten times that number, are investing overseas through Mirae Asset Daewoo.