Mirae Asset Global Investments' global assets exceed W340tr milestone


Mirae Asset Global Investments has amassed over 340 trillion won ($244.7 billion) in assets, with more than 40 percent managed for international clients, establishing a strong global presence primarily through its popular exchange-traded funds. The company's ambitious expansion efforts, initiated in 2003 by founder and Chairman Park Hyeon-joo, aimed to position Mirae Asset as a major player in the global investment banking arena, akin to renowned institutions like Goldman Sachs and Merrill. Over the past two decades, the company has dedicated significant resources to evolving into a prominent financial group representing South Korea, notably by venturing into the overseas market as the first Korean asset management firm to do so. Mirae Asset's international footprint now spans 16 countries, with its overseas assets under management reaching 147 trillion won as of May. The company's standout expertise lies in its exchange-traded funds, which are operated globally and boast a total net asset value of 170 trillion won, surpassing the entire Korean ETF market. Notably, Mirae Asset has expanded its ETF offerings, including innovative growth theme ETFs and Korea's first ETF utilizing strip bonds, while also making strategic acquisitions to enhance its global ETF operations. This impressive track record has garnered recognition, with the company's founder being honored with the International Executive of the Year Award by the Academy of International Business, positioning him as the second Korean businessman to receive this prestigious accolade.


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