Mirae Asset Enters Japan with Sanko Securities Acquisition

Mirae Asset Securities has announced its acquisition of Japanese securities firm Sanko Securities, marking the first time a South Korean firm has secured direct trading qualifications in Japan. The acquisition, to be finalized within fiscal year 2026, will grant Mirae Asset the necessary license to conduct stock and bond sale, purchase, and underwriting operations in Japan's regulated financial market.

The deal involves the acquisition of Sanko Securities' entire stake through a U.S.-based intermediate holding company, with an expected total acquisition price of around ¥5 billion. This strategic move aims to expand Mirae Asset's retail and investment banking businesses in Japan, with potential synergies including the sale of exchange-traded fund products to Okasan Securities customers.

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