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Sunday, November 15, 2026

Mirae Asset swings to third-quarter loss on SpaceX markdown

Rates Wednesday, November 11, 2026 - Updated Nov 11, 2026 21:48

Mirae Asset Securities posted a consolidated operating loss of 502.3 billion won in the third quarter, against a 1.62 trillion won operating profit a year earlier, after a 514 billion won pre-tax loss on its SpaceX holding.

Why it matters: A single private holding moved Korea's largest securities firm from a record first half to a quarterly loss, and the firm now plans to base shareholder returns on profit excluding unrealised SpaceX gains and losses.

Data as of Yonhap News Agency report of November 12, 2026 (Korea time), in Korean, read in full via the estate browser route; figures are Mirae Asset Securities' consolidated third-quarter results and management comments on its earnings call as reported by Yonhap, single-sourced to that report. Developing item.

Mirae Asset Securities reported a consolidated operating loss of 502.3 billion won in the third quarter of 2026, against an operating profit of 1,622.3 billion won a year earlier, with a net loss of 405.6 billion won and revenue of 7.5005 trillion won, down 7.1 percent from a year earlier, Yonhap reported. The operating loss was smaller than the 596.4 billion won loss in the Yonhap Infomax consensus.

The swing came from a weak domestic stock market and valuation losses on investment assets, above all SpaceX, whose share price fell from $170.86 at the end of June to $150.86 at the end of September. Mirae Asset put the SpaceX related pre-tax loss at about 514 billion won in the quarter and said that, excluding proprietary investment losses, recurring profit was about 380 billion won; brokerage commission revenue fell 47 percent from the previous quarter to 330.6 billion won as trading value dropped. The firm also announced a 2027 to 2029 shareholder return plan under which it will cancel 65 million treasury shares, worth 1.4 trillion won at the November 11 close, after next year’s shareholders’ meeting.

Sources

  1. Mirae Asset's results stumble as industry downturn and SpaceX valuation loss lead to swing to loss - Yonhap News Agency - 2026-11-12