South Korea’s top securities firm Mirae Asset Securities Co. set a milestone by becoming the first in the industry to exceed the 20 trillion-won ($17.82 billion) mark in overseas stock assets and pension fund reserves at the same time.
Mirae Asset Securities announced Monday its overseas stock assets topped 20 trillion won as of last week, jumping more than 20-fold after passing the 1 trillion-won milestone in 2017. The company said it gained 4.3 trillion won in the first four months of the year.
Since 2017, its customers have raked in 5 trillion won from investing in foreign stocks, including popular names like Amazon, Tesla, Microsoft and Apple.
Earlier last month, the company said it also surpassed 20 trillion won in its pension fund reserves thanks to its high return rates on the retirement pension funds.
In the first quarter ended March, Mirae Asset recorded the highest return rates of 13.75 percent on its one-year defined contribution retirement pension schemes and 11.37 percent on individual retirement pension plans, up 5.85 percentage points and 4.12 percentage points, respectively, against the previous quarter.
By Kim Gyu-sik and Lee Soo-min
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