Mirae Asset Securities co-CEOs Kim Mi-seob and Heo Sun-ho will continue leading South Korea's top investment bank and securities firm for another term following shareholder approval.
Vice Chairmen Kim and Heo secured reappointment during the company’s annual general shareholders’ meeting held Thursday at its headquarters in central Seoul.
The confirmation follows the Executive Candidate Recommendation Committee’s selection last month, which cited the duo’s strong performance, particularly in driving Mirae Asset Securities’ overseas expansion.
Jun Kyung-nam, managing director of the business support unit, also retained his post.
On the board, Independent Director Song Jae-yong was named Chair, while Lee Gemma and Seok Jun-hee were reappointed as independent directors. Moon Hong-seong, a former public official and seasoned financial expert with experience at the Finance Ministry and the International Monetary Fund, was newly appointed as an independent director.
During the meeting, shareholders approved a dividend payout totaling 146.7 billion won ($100 million), with 250 won per common share, 275 won per preferred share and 250 won per second preferred share.
The firm also announced plans to cancel treasury shares worth 220.3 billion won, bringing the total shareholder return to 367 billion won, equivalent to a return rate of approximately 40 percent.
Shareholders also approved the company’s financial statement for fiscal year 2024.
Mirae Asset Securities’ net capital rose to 12.26 trillion won last year, an increase of about 1 trillion won from 2023. Operating profit surged by 128 percent to 1.18 trillion won, while net profit jumped 178 percent to 925.5 billion won.
“Mirae Asset Securities will pursue sustainable growth based on an innovative and long-term business plan,” said a company official.
“All employees are committed to becoming a capital market partner that prioritizes customers, grounded in our DNA as a ‘permanent innovator.’”
silverstar@heraldcorp.com
