The owner of Mirae Asset Securities' Yeouido headquarters in Seoul will change to Woori Financial Group, which has declared its re-entry into the securities business.
According to the securities industry on the 12th, Mirae Asset Securities selected an advisory firm for the sale of the Yeouido building and, after conducting related consultations and procedures, chose Woori Asset Management as the preferred negotiation partner. The final sale price and the schedule for the payment of the remaining balance will be confirmed through further discussions.
Constructed in 1984 and formerly used as the Daewoo Securities building, the building was incorporated into Mirae Asset Securities' assets after its merger with Daewoo Securities in 2016.
Under Woori Financial Group, it is expected to be used by Woori Investment & Securities, which will be launched in the future.
On the 3rd of last month, Woori Financial Group held a board meeting and resolved to promote the merger of its subsidiaries Woori Comprehensive Financial and Korea POS Securities, and to incorporate the merged entity as a subsidiary.
Through this, Woori Financial Group will re-enter the securities business about 10 years after selling Woori Investment & Securities to NongHyup Financial Group.
The merged entity is expected to be launched in the third quarter of this year after going through procedures such as approval from the Financial Services Commission.
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