An ad for Mirae Asset Group's global training program scheduled to send 50 staff for overseas traininng this year. (Photo:Mirae Asset)

Chairman Park Hyeon-joo of Mirae Asset Group started going all-out to train global investment experts among the staff of the group.
He always believed that the group cannot be a global investor without the requisite talented global investment experts handling its investments around the world.
The group announced on July 16 that it will launch the Global Leader Development Program. According to officials in charge, the group will name a number of talented staff for training abroad so they have the necessary capacity to run customers’ investment funds. The group will pick the staff from among volunteers who answer the in-company ads and they will be sent abroad for training for three months to a year. The group will soon pick 50 staff.
They will be assigned to work for a Mirae Asset Daewoo Securities branch overseas to learn a local language and others, including a license to be an investment officer and those needed to conduct global investments.
Mirae Asset Group is among the global fund management firms to introduce the overseas training program for its staff, which is owed to Chairman Park’s insight for global operation.
Mirae Asset Daewoo now has 14 outlets in 10 countries including the U.S., China, Britain, Brazil, India, Hong Kong, Indonesia, Vietnam, Mongol and Singapore.
The chairman used to say the only way for the group to repay the love of the customers and society is to train its staff on global investment operations to let the capital markets become “fully blossomed flowers.”
“We will do our best to train the global investment experts always ready for the fast-changing international financial market,” the chairman said.
Chairman Park has already been supporting various contributions to society through the Mirae Asset Social Contribution Foundation and the Mirae Asset Park Hyeon-joo Foundation. They included a scholarship system and the foreign exchange student system. Every year, the foundation provides scholarships to 600 students to study abroad to enhance their global competiveness.
Mirae Asset Daewoo has been ramping up principal investments in global real estate with an increased capital base.
In March, a consortium of Mirae Asset Daewoo and NH Investment & Securities Co. Ltd. snapped up Cannon Bridge House in the City of London from Blackstone for $340 million.
Mirae Asset’s other property transactions with Blackstone include the $780 million purchase of Hyatt Regency Waikiki Beach Resort and Spa in Hawaii in 2016, and the sale of Capital Tower in Seoul for an estimated $440 million in 2016, as well as the $65 million sale of two logistics center in South Korea in the same year.
Earlier this year, the Korean investment group invested $95 million in a mezzanine debt on the Cosmopolitan of Las Vegas owned by Blackstone.
Mirae Asset Financial Group is set to acquire a prime office building in the City of London from the Blackstone Group for 340 million pounds ($461 million), betting on a recovery in high-end London office buildings from the Brexit-induced slowdown.
The acquisition of 20 Old Bailey will mark the latest in a series of Mirae Asset’s property deals with the U.S.-based investment firm which has been offloading London real estate for portfolio adjustment since late last year.
For the transaction, Mirae Asset Daewoo Co. Ltd. will inject 150 million pounds into a private real estate fund to be launched by its affiliate Mirae Asset Global Investments Co. Ltd., according to investment banking sources. They will borrow the rest of the acquisition cost.