What happened?
Mirae Asset Securities corrected errors in its December 2024 business report regarding omission of executive details, ownership status of major shareholders and related parties, and transactions with major shareholders.
Why the amendment?
This amendment aims to enhance transparency and accuracy of disclosed information. It does not directly impact the company’s fundamentals. Rather, it is expected to increase information reliability, alleviate investor concerns, and have a positive effect.
So, what’s the impact on investments?
This amendment does not negatively affect the company’s financial status or business outlook. It is expected to contribute to enhancing corporate credibility through increased transparency. However, investors should consider the following:
- Global economy and market conditions: Mirae Asset Securities’ global business expansion can be affected by external factors such as exchange rate fluctuations and geopolitical risks.
- Digital transformation and AI-based services: Mirae Asset Securities’ strategy to strengthen AI-based services is crucial for securing competitiveness in the digitally transforming financial market.
- Shareholder return policy: A consistent shareholder return policy is a positive factor from a long-term investment perspective.
- Macroeconomic environment: The impact of changes in macroeconomic indicators such as interest rates and exchange rates should be continuously monitored.
Action plan for investors
Investors should re-evaluate the company’s value based on the corrected information, monitor changes in the global economic situation and financial markets, and establish investment strategies. It is crucial to consider investments from a long-term perspective rather than being swayed by short-term stock price fluctuations.