April 26, 2024

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[THE INVESTOR] Mirae Asset Financial Group’s two brokerage units have hired a large number of employees this year ahead of their planned merger despite the securities industry’s slump.

Mirae Asset Daewoo Securities, formerly KDB Daewoo Securities owned by the state-run Korea Development Bank, completed the hiring of 59 new employees the previous day. Mirae Asset Securities has also employed 141 new workers and career staff this year.

In April, Mirae Asset Securities acquired a 43-percent stake in KDB Daewoo Securities from the state-run lender for 2.32 trillion won (US$1.97 billion). The name was changed to Mirae Asset Daewoo Securities later that month.

In early November, shareholders of Mirae Asset Securities and Mirae Asset Daewoo Securities approved the Dec. 29 merger of the two entities. The new company will emerge as the country’s biggest securities firm in terms of capital at 6.7 trillion won, with its shares set to be listed on the main stock market on Jan. 20.

(theinvestor@heraldcorp.com)