World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time
The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across 60 countries.
Mirae Asset Securities reported a record quarterly net profit of $1.4 billion in the second quarter, marking its second consecutive quarter with net earnings above $1 billion. The company's strong performance across brokerage, wealth management, trading, and overseas operations contributed to the increased profitability, with consolidated pretax profit reaching 2.5287 trillion won and net profit hitting 1.9052 trillion won.
Analysts highlight the diversification of Mirae Asset Securities' earnings structure, but caution that the sustainability of its record profits depends on whether the gains can be generated from recurring businesses rather than market-driven trading results or investment valuation gains.
Brief written by urgent.news from Korea IT Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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