Headquarters of Mirae Asset Group, the parent company of Mirae Asset Securities, in downtown Seoul / Courtesy of Mirae Asset Securities

Mirae Asset Securities saw its customers' investment return from overseas shares increase by over 11 trillion won ($7.84 billion) from the beginning of this year, the company announced Friday.

The country's No. 1 securities firm said its clients who bought stocks abroad had a combined 36.5 trillion won in their accounts as of Nov. 12.

The amount marked an 11.4 trillion won increase from the amount they had spent to purchase the stocks.

"We are glad to increase investor returns," the company said. "Our tailor-made services paid off as we thoroughly analyzed investors' subjective consideration and priorities in the long term."

An affiliate of Mirae Asset Financial Group, the firm also said its focus on the so-called "Magnificent 7" stocks resulted in greater returns for customers.

Named after a Hollywood movie, the term refers to a group of high-performing and influential companies in the U.S. stock market — Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla.

Mirae Asset Securities noted the rate of return on investment from the beginning of 2024 totaled 166 percent for Nvidia, 70 percent for Tesla, 60 percent for Apple and 42 percent for Microsoft.

"We focused on stocks that could ensure high returns in the long term, instead of focusing on the so-called meme stocks," the brokerage house said.

Meme stocks are stocks that gain popularity among retail investors through internet memes, which are reproductive forms of information on social media, such as images, videos or texts. They are often conveyed with humor, irony or social commentary that draw social media users' attention fast.