Mirae Asset profit eclipses 3 of Korea’s big 4 banking groups

Mirae Asset Securities’ quarterly profit eclipsed three of South Korea’s four largest banking groups, trailing only industry leader KB Financial, as investment gains and overseas growth lifted net income close to 2 trillion won ($1.4 billion). The brokerage earned 1.91 trillion won in the second quarter, surpassing Shinhan Financial’s 1.82 trillion won as well as Hana Financial and Woori Financial. Shinhan, KB, Hana and Woori make up Korea’s four dominant banking groups. Mirae Asset Securities a