Chairman Park Hyeon-joo of Mirae Asset Group. (Photo: Mirae Asset)

Mirae Asset Daewoo has been cruising with its new window, the One Asia Equity. Its Hong Kong subsidiary handled the business firm’s move to join the Nasdaq market as co-manager, and also successfully managed to have the company trade its shares on the Hong Kong Securities Market.

Mirae Asset Daewoo said on Nov. 4 that its Hong Kong subsidiary joined Germany’s Bio-Entec, a biotechnology company, to manage the ESR, the largest logistics platform company in Asia to hold an IPO. Bio-Entec successfully listed its shares on the Nasdaq market, with Mirae Asset Daewoo as a co-manager in the transaction. The Korean securities firm has become the first to play the role of a co-manager for a firm to list its shares on the U.S. Nasdaq market.

Mirae Asset Daewoo launched the One Asia Equity Sales Dep’t on Nov. 1 to provide integrated services for the sale of global equity, taking advantage of its global sales network linking sales outlets around the world, becoming the only Korean securities firm to operate such global sales service.

Chairman Park Hyeon-joo initiated the unprecedented move, drawing attention of financial investors around the world.

The new unit headquartered in Hong Kong will assume control over the brokerage desks of Mirae Asset Daewoo and its affiliates, including local wholly-owned subsidiaries.

The integrated unit will take charge of brokering the sales of equities, ETF and other financial products handled by its affiliates in Asia including Vietnam, Indonesia, China and India.

Korean securities firms had brokered the foreign equities to their domestic clients, but now Mirae Asset Daewoo has grown strong enough to compete with foreign IBs in such Asian countries as Vietnam and Indonesia, whose financial markets have great potential for growth.

The company’s Vietnam subsidiary has grown large enough to rank the second largest in the S.E. Asian country’s financial market and it will soon grow to be the largest securities firm when the current round of capital increase is completed.

Mirae Asset Daewoo’s subsidiary in Indonesia is currently ranked the 5th largest in the country, but it will have its capital increased shortly to more up further in the rankings. Officials of the company said both Vietnam and Indonesia remain the counties where not many foreign securities brokerage firms have operations yet, and thus they can strengthen their operations enough to compete with foreign IBs there, backed up by their extended experiences in such key areas as research and brokerage of local securities.

They feel confident that they can handle the brokerage services of local financial products, in particular, securities to global institutional investors.

Customized integrated consulting service Mirae Asset Daewoo provides comprehensive consulting services for complicated issues by leveraging our expertise in tax, real estate, legal, investment, and insurance.

Furthermore, we create and deliver timely contents with the financial and non-financial market evolvement. VIP service Mirae Asset Daewoo has launched ‘Oblige Club’, an exclusive wealth management brand for VIP customers who pursue values beyond wealth and honor, to provide not only financial services but also greater values.

Our VIP services include Global Vacation Club, which provides leisurely time with dignity and ideal services, private culture and art programs with diverse and in-depth themes, and premium lifestyle services to ensure relaxing and graceful life for VIP customers.

The Oblige Club will stand by our customers to help them enjoy their postretirement life.

In a bid to provide high quality financial services to our customers, Mirae Asset Daewoo has launched a global expertise development program to nurture talents with global business competences from a long-term perspective.

Customer services at mega-sized branches We have taken a step in 2018 to create mega-sized branches by consolidating and merging 28 branches.

This was in line with our goal of providing a more streamlined customer service and enhancing the quality of customer consulting services. As of the end of March 2019, there are 111 branches in operation.