Mirae Asset Securities Announces 367 Billion KRW Shareholder Return... Largest Ever

Mirae Asset Securities will proceed with shareholder returns totaling approximately KRW 367 billion, the largest scale ever.

According to Mirae Asset Securities on the 21st, the board of directors held the day before resolved the approval of the 2024 financial statements, including dividends, treasury stock cancellation, and the appointment of inside and outside directors.

The total dividend amount was decided at approximately KRW 146.7 billion (KRW 250 per common share, KRW 275 per 1st preferred share, KRW 250 per 2nd preferred share), and treasury stock cancellation at approximately KRW 136.9 billion (15 million common shares and 2.5 million 2nd preferred shares). Including the cancellation of 10 million common shares in November last year, the total shareholder return for the 2024 fiscal year amounts to KRW 367 billion, with a shareholder return ratio of about 39.8%.

Mirae Asset Securities set a short-term target of a shareholder return ratio of over 35% through its 'Corporate Value Enhancement Plan' last year and announced a mid-to-long-term goal of canceling more than 100 million issued shares. Since 2018, Mirae Asset Securities has acquired treasury stocks worth a total of KRW 982.9 billion and canceled treasury stocks worth approximately KRW 653.5 billion during the same period.

Additionally, at this board meeting, the appointment of Moon Hong-seong as a new outside director was resolved. Candidate Moon Hong-seong holds a Ph.D. in Economics from the University of Missouri, USA, and is a global expert who has worked at the Ministry of Strategy and Finance and the International Monetary Fund (IMF). He currently serves as CEO and Chief Business Officer (CBO) of Doosan and is scheduled to assume the position of outside director after the regular shareholders' meeting on the 27th of next month.

A representative of Mirae Asset Securities stated, "Mirae Asset Securities will do its best to enhance shareholder value based on the group's philosophy of honesty and trust," adding, "We will strive to provide high trust to investors and achieve continuous growth as a global investment specialist company."