Mirae Asset Daewoo Securities Mirae Asset Daewoo Securities Daewoo Securities (D/B/A KDB Daewoo Securities) () is the largest stock brokerage and investment banking firm by market capitalization in South Korea. The company has been a subsidiary of KDB Financial Group since the early 2000s. Its name originates from the large Daewoo Conglomerate of Korea to which it originally belonged. Daewoo Securities has 3,081 employees in 124 branches in Korea and abroad. It has a marketshare of approximately 9% of the Korean brokerage market, in terms both of trading value and commissions. The stated Business Agenda of Daewoo Securities is to become a worldwide operation,
Daewoo and the government reduced positive discrimination (affirmative action), to encourage free market trade and to force the chaebol to be more aggressive abroad. Daewoo responded by establishing a number of joint ventures with U.S. and European companies. It expanded exports of machine tools, defense products (under the S&T Daewoo company), aerospace interests, and semiconductor design and manufacturing. Eventually, it began to build civilian helicopters and airplanes, priced considerably cheaper than those produced by its U.S. counterparts. It also expanded efforts in the automotive industry and was ranked as the seventh largest car exporter and the sixth largest car manufacturer in