By Lee Min-hyung
Mirae Asset Daewoo has reported a record operating profit of 1.12 trillion won ($1 billion) for 2020, up 51.76 percent from the previous year, on robust sales in its overall businesses ― such as wealth management and investment banking ― the brokerage firm said in a preliminary earnings report released Friday.
This is the first time that a local securities firm's annual operating profit has surpassed 1 trillion won.
"We have achieved stable and solid sales performance at our major businesses," an official from the company said.
Mirae Asset also reported annual sales of 16.89 trillion won during the same period, up 9.42 percent from a year earlier.