Mirae Asset Securities Reports 27% Increase in Q1 Brokerage Revenue... Industry Leader

In the first quarter of this year, amid active stock trading, Mirae Asset Securities recorded the highest revenue in the brokerage sector.

[Image source=Yonhap News]

According to the Korea Financial Investment Association on the 23rd, Mirae Asset Securities recorded commission revenue of 180.4 billion KRW in the first quarter of this year. This represents a 26.8% increase compared to the same period last year. Mirae Asset Securities' domestic stock trading commission revenue for the first quarter, combining KOSPI and KOSDAQ, was 116.5 billion KRW, up 26.0% year-on-year. Overseas stock trading commission revenue also rose by 32.9% to 56 billion KRW.

With increased stock trading in the first quarter, Mirae Asset's commission revenue grew accordingly. According to the Korea Securities Depository, stock settlement amounts in the first quarter of this year increased by more than 30% compared to the same period last year. The average daily securities settlement amount, combining stocks and bonds, was 23.1 trillion KRW in the first quarter, down 7.9% from the previous year but up 6.4% compared to the previous quarter (21.7 trillion KRW). Among these, stock settlement amounts rose 34.3% year-on-year to 2.01 trillion KRW. The average daily settlement amount in the on-market stock market was approximately 890 billion KRW, up 36.3%, and the trading amount increased by 23.3% to 24.8 trillion KRW.

Mirae Asset Securities explained that its efforts to support customers' investments in quality overseas assets and asset allocation through the zero commission campaign for U.S. stock purchases and artificial intelligence (AI) services have yielded positive results. In particular, AI services for investors are receiving favorable responses from customers. Since 2022, Mirae Asset Securities has offered domestic stock AI report services and also launched asset management information services utilizing generative AI. This year, it published corporate analysis reports created by its self-developed AI agent.

A representative from Mirae Asset Securities said, "We believe that the AI services provided free of charge through the Mobile Trading System (MTS) have been a great help to customers' stock trading," adding, "This year as well, we are providing AI-based services such as corporate analysis reports and asset allocation investment solutions to our customers."