Mirae Asset Financial Group
Mirae Asset Financial Group (Korean: 미래에셋금융그룹) is a South Korean multinational financial services company headquartered in Seoul, South Korea. Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail i
Overview
Mirae Asset Financial Group (Korean: 미래에셋금융그룹) is a South Korean multinational financial services company headquartered in Seoul, South Korea. Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail investors in 1998. On a global consolidated basis, the total group's client assets exceed US$550 billion (as of December 2020). Mirae Asset has a global presence in Australia, Brazil, Canada, Mainland China, Hong Kong, Colombia, India, Indonesia, Japan, Korea, Mongolia, Singapore, the United Kingdom, the United States, and Vietnam. Harvard Business School selected Mirae Asset Financial Group as its first Asian financial company case study in 2010, under the title "Mirae Asset: Korea's Mutual Fund Pioneer". Seoul National University also selected Mirae Asset Financial Group as one of their case studies, "Mirae Asset: A Disruptive Innovator in the Korean Financial Industry", which is listed by The Case Centre case method clearinghouse.
Foundation of Mirae Asset Financial Group
Park Hyeon-Joo founded Mirae Asset Global Investments and Mirae Asset Capital in June 1997. In December 1998, Park launched the first retail mutual fund, "Park Hyeon Joo No.1" in South Korea and The Journal of Investment & Pension described that this fund was a great success.
Mergers and acquisitions of Mirae Asset Financial Group
Mirae Asset Financial Group has grown into an independent financial conglomerate in South Korea by acquiring various financial companies:
2004.02 Acquired SK Investment Trust Company, an affiliate of SK Group 2005.06 Acquired SK Life Insurance, an affiliate of SK Group 2011.11 Acquired Horizons ETFs, a major ETF player in Canada 2011.11 Acquired Betashares, a major ETF player in Australia 2016.12 Merge and acquisition of Daewoo Securities and Mirae Asset Securities 2016.12 Acquired KDB asset management company, formerly owned by Korea Development Bank 2017.07 Invested Vietnamese life insurance company, PRÉVOIR 2017.12 Acquired Korea-based PCA Life Insurance 2018.07 Acquired Global X, US ETF company 2022.06 Acquired ETF Securities Australia, an Australian ETF company 2024.11 Acquired Sharekhan Indian Brokerage company
Global expansion and presence of Mirae Asset Financial Group
Founder Park led the company's expansion into international markets during its early years.
Mirae Asset Global Investments
Mirae Asset Global Investments is a leading asset management company in South Korea. Its subsidiaries include Global X ETFs and Global X Investments Canada.
Mirae Asset Securities
Mirae Asset Securities offers brokerage services, wealth management, investment banking, and sales and trading services. It is listed on KOSPI.
Mirae Asset Life Insurance
Mirae Asset Life Insurance offers life insurance, investment-linked insurance, financial consulting, and retirement planning services. It has been listed on KOSPI since July 2015.
Mirae Asset Venture Investment
Mirae Asset Venture Investment Co., Ltd. is a venture capital and private equity company specializing in investing in venture businesses with potential growth, incubation, buyouts, and cross-border investments. It has been listed on KOSDAQ since March 2019.
See also
Economy of South Korea
External links
Official website
Wikipedia contributors · Mirae Asset Financial Group · revision 1364726602 · CC BY-SA 4.0 · Plain text extracted and formatting adapted; tags derived from linked topics.