Mirae Asset Daewoo

Mirae Asset Daewoo is a No.1 financial service providing company which conducts a comprehensive brokerage services and investment banking with a large client base. As well as being a stockbroker it also has wider wealth management capabilities, aiming to provide for all its client wealth needs. It has rapidly expanded its investment banking offerings, particularly in the area of IPO underwriting, ECM, DCM, and M&A advisory.

Mirae Asset Daewoo has 4,557 employees in 124 branches in Korea and abroad. It has a market share of approximately 10.5% of the Korean brokerage market, in terms both of brokerage commissions for equity securities as of the end of 2018.

Mirae Asset Securities was founded on Dec. 1999, the next year after Mirae Asset Global Investments, a Korea’s first retail mutual funds offering asset management company, was founded. Mirae Asset Securities had been rapidly growing becoming one of the top-tier securities company in South Korea. Such a rapid growth of Mirae Asset Financial Group interested Harvard Business School where the case study has been initiated in the name of “Mirae Asset: Korea’s Mutual Fund Pioneer", the first Asian Financial Company to be selected as Harvard Business School case study Korea.[2][3] In the meantime, Daewoo Securities was founded in 1970 as a part of the Daewoo Corporation. Daewoo Securities was spun off from the Daewoo Corporation in 1999 and has merged to Korea Development Bank and merged with Mirae Asset Securities as of the end of 2016.

In January 2016, Mirae Asset Securities succeeded bidding to buy a 43 percent stake in Daewoo Securities for 2.39 trillion won ($2 billion) in a deal that created South Korea's largest financial service providing company by assets.^[1]

Mirae Asset Daewoo engages in global brokerage, investment banking, and trading businesses in ten foreign countries. Since the foundation of the group, Hyeon-Joo Park always wanted to expand the business globally in order to diversify the business portfolio. Before the merge, Mirae Asset Securities engaged in investment activities of notable landmark buildings and infrastructures around the world: Mirae Asset Tower at Pudong, Shanghai in 2006, Four Seasons Hotel at Sydney in 2013,[4][5] 1801K street building at Washington D.C. in 2014,[6] Amazon Phase VIII at Seattle in 2016, Fairmont Hotel in San Francisco in 2015,[7] Hyatt Regrancy Resort at Hawaii in 2016,[8][9] Novo Nordisk at New Jersey in 2016,[10] Federal Government Office at Australia in 2017, T8 Office Building in Germany, The Center Building at Hong Kong in 2018, Fedex logistics centers across six US cities in 2018, EPIC NGL Pipeline at Texas in 2018,[11] Gas Cogeneration Plant at New Jersey in 2018,[12][13] Hanoi Logistics at Vietnam in 2018,[14][15] The Cosmopolitan Hotel at Las Vegas in 2018,[16][17] Four Seasons Hotel in Hawaii in 2018,[18] Aoyama Building in Japan in 2019, Tour Majunga in France in 2019,[19][20] Anbang Hotel Portfolio in 2019,[21] etc.[22][23]

Mirae Asset Securities Hong Kong acted as a joint book-running co-manager for BioNTech, a German biotechnology firm, which has been the first South Korean securities company to become an initial public offering underwriter on NASDAQ.[24][25]

Mirae Asset Daewoo has been listed in Dow Jones Sustainability Index World for 9 consecutive years. Mirae Asset Daewoo also has been listed in Dow Jones Sustainability Index Asia-Pacific and Korea for 11 consecutive years as well as of November 2020.[26]