Company:Mirae Asset Daewoo

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Mirae Asset Daewoo (Korean: 미래에셋대우) (

Short description: Securities exchange operator in South Korea
Korea Exchange
한국거래소
File:150px
TypeStock exchange
LocationBusan & Seoul, South Korea
Coordinates [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E / 35.136721; 129.064746 (Busan)
Founded1956; 70 years ago (1956)
Key peopleSohn Byung-doo
(Chairman & CEO)
CurrencySouth Korean won
No. of listings2,901 (as of January 2026)[1]
Market cap₩4,277 trillion KRW ($2.95 trillion USD)[2]
IndicesKOSPI
KOSPI 200
KOSDAQ
Websitewww.krx.co.kr
global.krx.co.kr
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Korea Exchange (KRX, Korean: 한국거래소) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

History

The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of December 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]

On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4]

On 10 April 2025, the KOSPI and KOSDAQ soared when President Donald Trump announced that he would suspend the mutual tariffs. In response, the Korea Exchange triggered a buy sidecar for the KOSPI market at 09:06 a.m. for the first time in eight months.[5]

In April 2025, the Korea Exchange signed a contract with the Thai Stock Exchange to supply the system for liquidation and settlement. A source at the exchange said it expects the deal to further strengthen the position of the Korean stock market infrastructure in Southeast Asia.[6]

Traded instruments

KOSPI Market Division
  • Stocks
  • Bonds
  • Exchange-traded funds (ETFs)
  • Exchange-Linked Warrants (ELWs)
  • Real estate investment trusts (REITs)
KOSDAQ Market Division
  • Stocks
Derivatives Market Division
  • Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
  • Single Stock Futures
  • Equity Options
  • Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
  • Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
  • Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures

Trading hours

Session Trading Hours Quotation Receiving Hours
Regular Session 09:00 ~ 15:30 08:00 ~ 15:30
Off-hours Session Pre-hours 07:30 ~ 09:00 07:30 ~ 09:00
Off-hours Session Post-hours 15:40 ~ 18:00 15:30 ~ 18:00

[7]

Quotations are quotes submitted by the Members on behalf of their customers and are submitted to the Exchange only during Quotation Receiving Hours.

Trading days in KRX KOSPI markets are from Monday through Friday and no trading or settlement is made on the following days:[8]

  • Holidays according to government regulations (which includes Sundays, National Election days, etc)
  • Labor Day (May 1st)
  • Saturdays
  • December 31st when it's a holiday or a Saturday, otherwise the previous business day closest to December 31st
  • Certain days deemed necessary by the KRX due to market conditions.

See also

References

  1. ↑ "Global KRX". http://global.krx.co.kr/main/main.jsp. 
  2. ↑ ""KRX KRX Data Marketplace"". https://data.krx.co.kr/contents/MDC/MAIN/main/index.cmd. 
  3. ↑ Market Hours, Korea Exchange via Wikinvest
  4. ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". https://www.unglobalcompact.org/news/1881-05-19-2015. 
  5. ↑ "[속보 코스피시장 매수 사이드카 발동…8개월만"] (in ko). 2025-04-10. https://www.mk.co.kr/news/business/11287703. 
  6. ↑ "한국거래소, 태국증권거래소에 청산결제시스템 공급한다" (in ko). 2025-04-14. https://m.sedaily.com/NewsView/2GRINUO941#cb. 
  7. ↑ https://global.krx.co.kr/contents/GLB/01/0109/0109000000/guide_to_trading_in_the_korean_stock_market.pdf
  8. ↑ "Global KRX | Regulation | Stocks | KOSPI Market | Trading". https://global.krx.co.kr/contents/GLB/06/0602/0602010201/GLB0602010201.jsp#826f2bceb71bdd795d4f782fda605cb1=1. 
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Template:Economy of South Korea


) is the largest investment banking and stock brokerage company by market capitalization in South Korea . Mirae Asset Securities has been merged with Daewoo Securities as the end of December 2016 [1] and has become a number one financial service company securing the biggest shareholder's equity within securities industry.

Overview

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.

History

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]

Global Business

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], and etc.[22][23]

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

Sustainability

Mirae Asset Daewoo has been listed in Dow Jones Sustainability Index World for 8 consecutive years. Mirae Asset Daewoo also has been listed in Dow Jones Sustainability Index Asia-Pacific and Korea for 10 consecutive years as well as of September 2019.[26]

References

  1. ↑ "Mirae Asset Buy $2 Billion Stake in Daewoo Securities". 25 January 2016. https://www.bloomberg.com/news/articles/2016-01-25/mirae-asset-buy-2-billion-stake-in-daewoo-securities. 
  2. ↑ "Harvard Business School to Study Mirae Asset Group" (in en). 2009-12-09. http://www.koreatimes.co.kr/www/tech/2019/08/693_56955.html. 
  3. ↑ Donovan, G. A.; Chen, Michael Shih-ta; Khaire, Mukti (2010-03-29) (in en-us). Mirae Asset: Korea's Mutual Fund Pioneer. https://www.hbs.edu/faculty/Pages/item.aspx?num=38601. 
  4. ↑ Cummins, Carolyn (2013-08-21). "Four Seasons sold for $340 million" (in en). https://www.smh.com.au/business/companies/four-seasons-sold-for-340-million-20130821-2saw4.html. 
  5. ↑ "Mirae Asset Global Investments Aquires Four Seasons Hotel Sydney for $306.8M" (in en). 2013-08-26. https://www.hotelexecutive.com/newswire/46095/mirae-asset-global-investments-aquires-four-seasons-hotel-sydney-for-3068m. 
  6. ↑ "Somerset Partners parts with 1081 K St. NW in first downtown investment sale of 2015". https://www.bizjournals.com/washington/breaking_ground/2015/01/dc-notches-first-downtown-investment-sale-of-15.html. 
  7. ↑ "Mirae Strikes $450M Deal For San Francisco Hotel - Law360" (in en). https://www.law360.com/articles/731430/mirae-strikes-450m-deal-for-san-francisco-hotel. 
  8. ↑ "Korea's Mirae Asset considers Hyatt Regency Waikiki Beach Resort buy" (in en). 2016-06-06. https://www.hotelmanagement.net/transactions/korea-s-mirae-asset-considers-hyatt-regency-waikiki-beach-resort-buy. 
  9. ↑ "Korea firm closes on purchase of Hyatt Regency Waikiki Beach Resort". 2016-10-10. https://www.bizjournals.com/pacific/news/2016/10/10/korea-firm-closes-on-purchase-of-hyatt-regency.html. 
  10. ↑ 연희, 김. "Two French offices draw Korean bidders in $1.2 bn deals" (in en-US). http://www.koreaninvestors.com/?p=5820. 
  11. ↑ 연희, 김. "Ares Management secures $300 mn in US gas project debt from Korea" (in en-US). http://www.koreaninvestors.com/?p=4997. 
  12. ↑ "Korean Group buys Stake in New Jersey gas-fired Plant". 2018-08-30. https://www.power-eng.com/articles/2018/08/korean-group-buys-stake-in-new-jersey-gas-fired-plant.html. 
  13. ↑ "GS EPS buys 10% stake in New Jersey-based Linden power complex - Pulse by Maeil Business News Korea" (in ko). https://pulsenews.co.kr/view.php?year=2018&no=546233. 
  14. ↑ "Mirae Asset forms strategic partnership with VinaCapital Ventures". http://www.hanoitimes.vn/investment/2019/06/81e0d7ef/mirae-asset-forms-strategic-partnership-with-vinacapital-ventures/. 
  15. ↑ VIR, Vietnam Investment Review- (2018-11-12). "Mirae, Naver acquire logistics centres in Vietnam" (in en). https://www.vir.com.vn/mirae-naver-acquire-logistics-centres-in-vietnam-63731.html. 
  16. ↑ Cole, Olivia (2018-01-05). "Mirae Asset Acquires $95-Million Mezzanine Debt on Las Vegas’ Cosmopolitan Hotel and Casino" (in en-GB). http://www.casinoguardian.co.uk/2018/01/05/mirae-asset-acquires-95-million-mezzanine-debt-las-vegas-cosmopolitan-hotel-casino/. 
  17. ↑ 연희, 김. "Mirae Asset buys $95 mn debt on Blackstone-owned Cosmopolitan hotel" (in en-US). http://www.koreaninvestors.com/?p=3832. 
  18. ↑ Ahn, Sung-mi (2018-08-20). "Mirae Asset Daewoo invests W110b in Four Seasons Hotel in Hawaii". http://theinvestor.co.kr/view.php?ud=20180820000685. 
  19. ↑ "Mirae Asset Daewoo et Amundi Immobilier finalisent l’acquisition de la tour Majunga" (in fr-FR). 2019-07-05. https://defense-92.fr/immobilier/mirae-asset-daewoo-et-amundi-immobilier-finalisent-lacquisition-de-la-tour-majunga-61133. 
  20. ↑ staff, 4 July 2019By IPE. "South Korean investor Mirae partners Amundi to buy Paris skyscraper" (in en). http://realassets.ipe.com/news/south-korean-investor-mirae-partners-amundi-to-buy-paris-skyscraper/10032126.fullarticle. 
  21. ↑ "Mirae Emerges as Lead Bidder for Anbang Hotel Portfolio". 2019-08-13. https://www.bloomberg.com/news/articles/2019-08-12/mirae-said-to-emerge-as-lead-bidder-for-anbang-hotel-portfolio. 
  22. ↑ "Mirae Asset ramps up real estate investment - Pulse by Maeil Business News Korea" (in ko). https://pulsenews.co.kr/view.php?year=2015&no=936790. 
  23. ↑ 연희, 김. "Ares Management secures $300 mn in US gas project debt from Korea" (in en-US). http://www.koreaninvestors.com/?p=4997. 
  24. ↑ Herald, The Korea (2019-11-04). "Mirae Asset Daewoo becomes first S. Korean IPO underwriter on Nasdaq" (in en). http://www.koreaherald.com/view.php?ud=20191104000798. 
  25. ↑ "BioNTech Announces Pricing of Initial Public Offering" (in en). 2019-10-10. https://www.businesswire.com/news/home/20191010005276/en/BioNTech-Announces-Pricing-Initial-Public-Offering. 
  26. ↑ "Mirae Asset Daewoo included in DJSI for 8 consecutive years". http://www.koreatimes.co.kr/www/nation/2019/09/513_275747.html. 




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