Mirae Asset Securities first in brokerage industry to surpass 80 trillion won in pension assets

Mirae Asset Securities has become the first brokerage firm in South Korea to surpass 80 trillion won (about $52.1 billion) in pension assets, the company said Monday. Steady growth in both retirement and individual pension holdings, along with an influx of 430,000 new pension customers this year, further cemented its leading position in the pension market.

The company said its total pension assets stood at 80.11 trillion won as of June 15, comprising 51.53 trillion won in retirement pension assets and 28.58 trillion won in individual pension assets.

"This is the first time pension assets have crossed the 80 trillion won mark in the domestic brokerage industry," the company said. "The number of pension customers choosing Mirae Asset Securities is growing rapidly as more investors seek to actively manage their pension assets."

The company added that 430,000 new pension customers had signed up this year alone, and that its retirement pension inflows in the first quarter totaled about 4.3 trillion won — about 36 percent of the entire market's inflows of 11.9 trillion won during the same period.

Mirae Asset Securities operates the largest dedicated pension workforce in the industry. It is the only firm to have been named an outstanding retirement pension provider for four consecutive years from 2022 through 2025 in an evaluation conducted by the Ministry of Employment and Labor. The company has also recently reorganized internally, elevating its pension asset management center to a headquarters-level division and strengthening coordination with its robo-advisory team.

The company also cited a survey conducted among all defined-contribution (DC) plan subscribers to mark its attainment of the No. 1 position in DC pension reserves across all financial sectors. Some 56 percent of respondents said the biggest reason they chose Mirae Asset Securities was "brand trust as a specialized pension financial institution."

In addition, "convenient mobile app service" was cited by 34 percent of respondents as the most helpful service for pension management, while "customized investment portfolio" received high marks from 27 percent.

"Surpassing 80 trillion won in pension assets is the result of customers trusting and choosing Mirae Asset Securities," a company official said. "We will continue to be a responsible pension partner that thinks about our customers' retirement, hopes and future."

Mirae Asset Securities also said Monday that its total assets under management, both domestic and overseas, exceeded 800 trillion won as of the end of May. Domestic AUM stood at approximately 718 trillion won, while overseas AUM reached approximately 85 trillion won.

"At the center of these achievements is the bold global strategy of Park Hyun-joo, global strategy officer," the company said. "Mirae Asset has been the most aggressive among domestic financial groups in expanding into global markets."

Mirae Asset Securities has built a network spanning 21 regions worldwide and continues to expand its international footprint — currently developing a mobile trading system for the Hong Kong market and pursuing the acquisition of a US brokerage firm.

<style ref="s1">Mirae Asset Securities' pension assets have been on a steep growth trajectory in recent months. The firm's pension assets crossed 70 trillion won on April 20, solidifying its position as the top brokerage in the pension market, and surpassed the 80 trillion won mark roughly two months later.</style>