Mirae Asset Securities begins account services for SE Asian investors

SEOUL, June 8 (UPI) -- South Korea's Mirae Asset Securities said Monday it has teamed up with Singapore-based brokerage UOB Kay Hian to attract investors from Southeast Asian countries.

Under the partnership, Mirae Asset has launched omnibus account services, which enable UOB Kay Hian customers to trade South Korean equities without having to open individual brokerage accounts in Korea.

Because UOB Kay Hian has an extensive network across Singapore, Southeast Asia and China, Mirae Asset expects the new services to help expand its international customer base.

The Seoul administration introduced the omnibus account system in 2017, although stringent regulations initially limited its adoption. However, a growing number of securities companies have embraced the system over the past year as regulations have eased.

Hana Securities was the first major player to move as it partnered with Hong Kong's Emperor Securities last year to embark on omnibus account services. Samsung Securities followed suit last month.

"We are steadily expanding cooperation with global financial institutions to make the Korean stock market more accessible to overseas investors," Mirae Asset said in a statement.

"We will continue to utilize our global network and digital infrastructure to deliver a more seamless investment experience."

Mirae Asset plans to introduce a mobile trading system in Hong Kong next month. To further accelerate its global expansion, the company said that it is seeking to acquire a U.S. brokerage house.

The share price of Mirae Asset Securities plummeted 11.79% on the Seoul bourse on Monday. The benchmark KOSPI fell 8.29%.

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This story was originally published June 8, 2026 at 6:42 AM.