[Edaily Reporter Kwon Oh-seok] The Financial Supervisory Service (FSS) is investigating the circumstances surrounding the complete cancellation of the allocation of "SpaceX IPO shares" that had been scheduled for Mirae Asset Securities.

According to the financial investment industry and the FSS on the 15th, the FSS launched an inspection of Mirae Asset Securities on the 5th regarding the domestic sale of SpaceX IPO shares and subsequently converted it into a formal investigation. Previously, the FSS had initiated a preemptive inspection to determine whether Mirae Asset Securities had properly complied with investor protection regulations during the process of accepting subscriptions for SpaceX IPO shares from individual and corporate professional investors.
Amid this, as it emerged that not a single share had actually been allocated, the FSS is reportedly rushing to investigate the background and circumstances of the situation.
Originally, SpaceX had planned to allocate 2,314,815 shares to Mirae Asset Securities out of the 555,555,555 Class A common shares being sold in this offering. However, as the lead underwriter, Goldman Sachs, did not allocate any sellable shares to the underwriting syndicate—including Mirae Asset Securities—during the final allocation process, the portion intended for domestic investors effectively became “zero shares.”
The Financial Supervisory Service (FSS) is currently investigating the circumstances surrounding why Mirae Asset Securities did not receive a single share of the SpaceX IPO. Additionally, the FSS is reportedly planning to review investor protection measures, focusing on whether the company adequately disclosed risk factors—such as the possibility of allocation failure—to individual and corporate professional investors at the time of subscription, and whether the related explanations and guidance were appropriate.
Mirae Asset Securities has decided to fully refund the subscription deposits paid by individual and corporate professional investors as well as institutions, but whether investors incurred losses during the currency exchange, remittance, or refund process is also expected to be included in the investigation.
Furthermore, as concerns about conflicts of interest have been raised following reports that Mirae Asset Securities participated in the public offering using its own capital—separate from customer subscriptions—and received an allocation of SpaceX shares, this aspect may also be examined during the inspection process.