Interest rates on margin accounts vary between 4.5% and 9%; underwriting fees vary between 1% and 6% of the total value of the shares.
September 29, 2020A new inter-agency team, led by the FSS, will be established by mid-July, and refer any illegalities detected to authorities for 'swift action' including prosection.
July 5, 2020Investigators were dispatched to both firms to secure computer drives and documents linked to alleged misselling and fraud at both firms.
February 20, 2020Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.
January 15, 2020The FSC lifted restrictions barring brokerage firms from entering the payments business last December. WeChat Pay will be used in Mirae Asset Daewoo's new payment gateway.
June 21, 2019The Korea Securities Depository and nine brokerages are facing penalties for inadequate internal controls over their offshore equities trading
June 11, 2019South Korea's FSC has fined four local brokerages for holding accounts belonging to Samsung Group chairman Lee Kun-hee under other people's names.
May 17, 2019The biggest barrier to entry for fintech firms will be the capital regulations imposed on existing brokerage firms.
April 5, 2019Tighter regulations will apply to financial affiliates of five major conglomerates Samsung, Hyundai Motor, Hanwha, Lotte and DB, as well as affiliates of Kyobo Life Insurance and Mirae Asset Daewoo.
May 11, 2018