Mirae Asset Market Value Tops Shinhan as Brokerages Gain Revaluation

As the stock market remained buoyant and trading value increased, Mirae Asset Group’s market capitalization surpassed that of Shinhan Financial Group. The shift in finance from saving-centered activity to investment-centered activity is leading to a revaluation of brokerage firms. Major securities companies such as Korea Investment & Securities, Samsung Securities and NH Investment & Securities showed strength, while bank-based financial groups including KB, Shinhan and Hana slowed comparatively. The surge in trading value translated into higher profits for brokerages, and diversified revenue sources such as wealth management are also drawing attention. The outlook depends on whether active stock trading and brokerage profitability continue. Source: mk.co.kr