Mirae Asset Financial Group celebrated the 25th anniversary of its establishment on July 1. Mirae Asset cancelled a separate anniversary event in consideration of the hard market situation.
In his message to his executives and staffers, Chairman Park Hyun-joo of Mirae Asset Financial Group said, “True to the management tenet. Let’s look to the future with an open mind and prioritize manpower, Mirae Asset has grown based on organizational foundation emphasizing manpower.” “Mirae Asset’s Growth Story will and should continue in the future,” he added.
Mirae Asset Financial Group began with the establishment of Mirae Asset Venture Capital in July 1997. Mirae Asset has rewritten the Korean financial history for the past 25 years, being accompanied with the modifier: the nation’s first.
Mirae Asset set up Mirae Asset Investment Consulting, the nation’s first asset management, in August 1997.
Park Hyun-joo No. 1, the nation’s first mutual fund, made its debut in December 1998. Mirae Asset Securities was established in December 1999.
The securities company released the nation’s first wrap account product in February 2001. Mirae Asset Independence Stock, the nation’s first open mutual fund, made its debut.
It was in 2003 that Mirae Asset turned its attention abroad. The financial group established Mirae Asset Management (Hong Kong), the nation’s first overseas asset management entity, in December of the same year.
Mirae Asset introduced the nation’s first equity fund while Mirae Asset Securities released the nation’s first real estate fund. The nation’s first installment fund, a fund of accumulating 300 million won, made its debut.
Mirae Asset Life Insurance was established in 2005. Mirae Asset became the first Korean company to release a fund, directly managed abroad by the company.
The financial group has stepped on the gas to explore overseas markets. Mirae Asset established Mirae Asset Management in India in 2006 and Mirae Asset Securities in Hong Kong, Mirae Asset Management in UK, Mirae Asset Securities Beijing Branch and Mirae Asset Securities in Vietnam in 2007.
In 2006, the group invested Mirae Asset Tower in Shanghai, the first Korean financial company to invest in a building in the mainland China.
Mirae Asset Management set up Luxembourg, the first off-shore fund in 2008. Mirae Asset became the Korean financial company to be certified with qualified financial investor by Chinese securities authorities.
The following year, Mirae Asset released the nation’s first SICAV Fund in Korea.
In 2010, Mirae Asset Management USA released the nation’s first mutual fund in the United States, and Mirae Asset’s growth story was adopted as a lecture material of Harvard Business School’s MBA program.
In 2011, Mirae Asset Management Hong Kong became the first Korean company to list an exchange-traded fund (ETF) at Hong Kong Stock Exchange. Mirae Asset Management acquired Horizons ETFs, Canada’s leading EFT management company.
Mirae Asset management, which acquired Daewoo Securities, was re-launched as Mirae Asset Daewoo in 2016.
In 2018, Mirae Asset acquired Global X, the U.S. ETF management company, and it established Global X Japan, a joint-venture in Japan, in 20-19. Mirae Asset’s efforts had come to fruition in a wonderful way.
Mirae Asset Management was designated as a pension fund manager by the Ministry of Economy and Finance (MOEF). Mirae Asset Securities saw its equity capital top 10 trillion won.
Mirae Asset Management’s Tiger ETF accounted for more than 30 percent of the Korean ETF market. Global X’s management asset amounts surpassed $40 billion. Mirae Asset Securities saw its net profit top 1 trillion won, the best-ever annual net profit.
Mirae Asset, operating 34 corporate entities and branch offices in 15 regions, has become a financial company to earn more profit abroad than in Korea.
Mirae Asset Financial Group’s total equity capital amounts to 17.3 trillion won, customers’ asset standing at 771.7 trillion won and pension assets totaling 51.9 trillion won.
Chairman Park said, “I extend thanks for efforts by executives and staffers around the world who put into practice ethics and trust toward customers alliance in the course of exploring new paths abroad beyond Korea.”
