Mirae Asset Securities said on Jan. 26 it held its first board meeting of 2026 and approved an agenda item to buy back about 100 billion won of its own shares and to grant stock options to core digital talent.

The planned buyback includes about 60 billion won of common shares and about 40 billion won of Series 2 preferred shares (2우B). The purchases will be made on the open market within three months from the day after the board resolution.

Mirae Asset Securities said it plans to implement its shareholder return policy in a sustained and stable manner through the buyback. It also plans a phased cancellation depending on future policy.

Mirae Asset Securities currently has a price-to-book ratio of about 1.6, a situation in which dividends are generally more effective than cancellations. It decided to buy back common shares to carry out its mid- to long-term shareholder return policy to cancel at least 15 million common shares and 1 million Series 2 preferred shares each year from 2024 to 2026.

At the same time, it will use 2우B, which allows it to acquire and cancel more shares for the same amount, to secure the effect of reducing the number of shares in circulation. It plans to increase dividends per share and accelerate growth in book value per share, contributing to higher shareholder value.

The board also approved an agenda item to grant employee stock options to talent with expertise in core digital fields including AI, blockchain and Web 3.0. The beneficiaries are 16 people, covering a total of 1.1 million shares. The exercise price is 29,450 won per share, and the stock options are granted on the day of the board resolution.

A Mirae Asset Securities official said, "This board decision is to pursue two goals in a balanced way: shareholder returns and future growth." The official added, "We will continue to provide stock options to key talent and strengthen long-term competitiveness through sustained enhancement of shareholder value."