Mirae Asset Omnibus Account Service Expands Korea Market Access

Mirae Asset Securities has introduced a new foreign-investor omnibus account service through a partnership with Singapore-based brokerage UOB Kay Hian.

The Mirae Asset omnibus account initiative is intended to improve access to South Korean equities for investors across Singapore and Southeast Asia.

Developed through Mirae Asset’s Singapore subsidiary, the service forms part of broader efforts to attract international capital into South Korea’s stock market.

The Mirae Asset omnibus account programme also supports Seoul’s wider capital-market reform agenda.

The company said it is pursuing similar arrangements with other overseas brokerages and plans to launch a mobile trading platform in Hong Kong later this month.

Mirae Asset is also exploring the acquisition of a US brokerage as part of its international growth strategy.

The initiative highlights increasing competition among Asian financial institutions to facilitate cross-border investment opportunities.