“In 2025, Mirae Asset Securities will continue to promote innovation and rise to the challenge to boost its core business competitiveness and expand its overseas markets, while putting our customers first,” said Kim Mi-seob and Heo Sun-ho, co-CEOs of Mirae Asset Securities, in their New Year’s message on Jan. 2.
They suggested three major tasks for 2025: enhancing the company’s revenue generation capabilities centered on global WM and pensions, actively pursuing sustainable growth through innovative and long-term business strategies and emphasizing the importance of fiduciary duty for customers.
“Last year, we announced a corporate value enhancement plan to achieve a return on equity (ROE) of more than 10 percent and generate global pre-tax profit of more than 500 billion by 2030,” they said.
“Mirae Asset Securities will focus on our global WM and annuity businesses while strengthening our corporate banking (IB), principal investment (PI) and trading revenues to raise our overall profit level.”
Specifically, Mirae Asset Securities will continue to drive asset growth and revenue expansion by strengthening comprehensive asset management customized for clients in the case of WM.
It will provide high-quality overseas investment information using AI through ‘M-STOCK’ quickly and accurately, and expand assets and transactions by strengthening personalized marketing based on data analysis.
For ultra-high net worth individuals, Mirae Asset will expand the supply of private products with the newly established PWM Division taking the lead in collaboration with the IB and Trading Divisions and strengthen differentiated comprehensive consulting and services, such as family office services.
In the pension business, Mirae Asset Securities will accelerate money’s moves to the company by taking advantage of opportunities to transfer retirement pension assets, and stabilize returns by strengthening investment portfolios with long-term stability and growth, including robo-advisors, MP subscriptions, and personal pension wraps. IB, PI and Trading will cut profit volatility and increase a positive contribution to company profits by analyzing the performances and risk factors of investments and operations.
“With the acquisition of Sharekhan, which has 133 branches and 3.1 million customers across India, we have secured a growth engine for the next 20 years centered on global WM,” Kim and Heo said.
“We will drive stable revenue growth centered on our global ETF-linked Sales & Trading business in developed markets such as the U.S., Hong Kong, the U.K., and Singapore and our online-based custody business in emerging markets such as Indonesia, Vietnam, and Brazil.”
Kim and Heo emphasized they are eyeing AI as a future growth driver. Mirae Asset Securities will strengthen its own AI capabilities to provide global asset allocation strategies and investment content services in a timely manner. They will also steadily drive innovation in operations and asset management.
The company will expand its AI infrastructure and develop various solutions to boost work efficiency and productivity. In conjunction with Wealth Spot, a U.S.-based AI firm of Mirae Asset Group, Mirae Asset Securities will also provide clients with a range of AI management products that significantly lower costs and volatility.
Chairman Park Hyeon-joo of Mirae Asset Group.
Increasing Investment in Alternative Assets
Mirae Asset Group is ramping up its investment in alternative assets in line with Chairman Park Hyeon-joo’s drive to expand its business through overseas expansion.
According to Mirae Asset Group on Jan. 20, Mirae Asset Securities is sourcing major deals around the world through its global network and has invested more than 800 billion won in SpaceX, X and artificial intelligence developer xAI since 2022.
The current valuations of SpaceX and X, among others, are estimated to be more than 1.5 times higher than their valuations when Mirae Asset Securities invested in them as of the end of November 2024.
Mirae Asset Securities has also invested in hotels in major tourist destinations such as Hawaii and Sydney, Australia.
Four Seasons Sydney is valued at 610 million Australian dollars (approximately 55 billion won) as of September last year, up 79.3 percent from the time of the company’s investment in September 2013.
Fairmont Hawaii Orchid is valued at US$380 million, up 68.9 percent from May 2015.
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