Chairman Park Hyun-joo of Mirae Asset Financial Group received the 2021 Korea Negotiation Grand Prize from the Korea Association of Negotiation Studies (KANS) on Dec. 17.
KANS selects persons in Korea and abroad in recognition of their negotiation capabilities, thus contributing to promoting national interests. It has presented the Korea Negotiation Grand Prize since 1996.
KANS said Chairman Park succeeded in acquiring Daewoo Securities and Global X, a U.S. asset management company.
He was also credited with supplying quality products through M&As in Korea and abroad and maxing out synergetic effects to catapult Mirae Asset Group to a top financial company, KANS added.
Mirae Asset Securities has grown into the nation’s No. 1 securities company by acquiring Daewoo Securities.
Global X saw its assets under management soar from $10 billion before Mirae Asset’s acquisition to $43 billion after the acquisition, a four-fold jump.
KANS Chairman Kwon Sung-woo said, “Chairman Park has demonstrated his excellent negotiation power and leaderships by attaching top priority to trust of his negotiation partners and customers.”
“Mirae Asset Securities has achieved superb outcomes, such as being listed to the Dow Jones Sustainability World Index for the 10th consecutive year,” he said.
New Chmn. Choi Hyun-man of Mirae Asset Securities. (Photos: Mirae Asset Securities)
Mirae Asset Securities Chmn. Choi Named ‘Financial Market Person of the Year’ by KRX
Mirae Asset Securities Chmn. Choi Hyun-man has been selected as the Financial Market Person of the Year by Korea Exchange (KRX). Chairman Choi became the first person to receive the award from KRX.
KRX inaugurated the award to present it to any individual who has contributed to the development of the Korean financial market and the spread of investment culture.
KRX said it created the award to raise concern over the financial market and expand investors’ base.
Candidates are selected by recommendations by KRX’s member companies and KRX reporters and KRX staffers before the honoree is finalized by votes by ordinary investors (50 percent) and KRX reporters (50 percent) via KRX’s website.
A KRX official said, “Mirae Asset CEO and Chairman Choi has been recognized for his greatly contributing to injecting vigor into the Korean financial market and expanding investors’ base.”
Seven people were selected as candidates of the award. They included Mirae Asset Chmn. Choi, President Jung Il-moon of Korea Investment & Securities, and CEO John Lee of Meritz Asset Management.
“Chairman Choi heads a leading brokerage company that helped 21 firms go public this year, including game maker Krafton, in what was the biggest initial public offering in 2021,” KRX said.
The exchange credited its first awardee for becoming the first non-family member chief to oversee a major brokerage company, calling him a man with untapped potential at Korea’s largest brokerage firm.
As vice chairman, Choi, 60, successfully handled the 2016 merger with Daewoo Securities and had since attracted new clients, making the brokerage the first Korean firm to oversee 400 trillion won ($338 billion). He was tapped as chairman two weeks ago.
Choi, a founding member of Mirae Asset Securities when it was set up in 1999, previously served as CEO at key affiliates of Mirae Asset Financial Group, which along with brokerage provides comprehensive financial services including asset management, investment banking and life insurance.
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