[New Year's Address] Choi Hyun-man, Vice Chairman of Mirae Asset Daewoo, Announces 'G.R.O.W.T.H.' Strategy

Choi Hyun-man, Senior Vice Chairman of Mirae Asset Daewoo

[Asia Economy Reporter Song Hwajeong] Choi Hyun-man, Senior Vice Chairman of Mirae Asset Daewoo, announced the 'G.R.O.W.T.H.' strategy to leap forward as a global leading investment bank (IB) in his New Year's address.

In his New Year's address on the 4th, Senior Vice Chairman Choi said, "Mirae Asset has always stood on the path of challenge and innovation, expanding the horizon of investment from domestic to overseas, from stocks to asset allocation. As a result, we have grown into the undisputed No. 1 securities company in Korea, and now we aim to leap beyond Korea to become a global top-tier IB," adding, "We declare the 'G(Globalization)·R(Risk Management)·O(Opportunity)·W(Wealth Management)·T(Technology)·H(High Quality)' strategy through challenge and innovation."

Senior Vice Chairman Choi emphasized, "In a situation where it is difficult to go overseas directly due to the novel coronavirus disease (COVID-19), our global network is certainly a differentiated competitive advantage," and stressed, "Let us further strengthen the synergy between overseas subsidiaries and headquarters and continue to expand our global business."

He also emphasized risk management. He said, "All businesses must be conducted based thoroughly on risk management," and "We must always consider risk along with profit."

Furthermore, Senior Vice Chairman Choi highlighted, "The securities industry is a growth industry, and new opportunities are approaching," urging the creation of new growth opportunities.

He also called for strengthening wealth management (WM). He said, "As ultra-low interest rates continue, a major trend is beginning where customer funds move from bank deposits to investment assets," adding, "As prepared investment experts, we must continue to expand global asset allocation services such as overseas stocks, exchange-traded funds (ETFs), and real estate investment trusts (REITs), and drastically improve the quality of VIP business. Let us foster fee-based businesses such as pensions and wraps to strengthen the consulting-based wealth management business structure."

Along with this, Senior Vice Chairman Choi emphasized accelerating digital transformation and qualitative growth. He said, "Let us grow digital assets and speed up digital transformation to secure future competitiveness," and "Let us pursue the highest quality in all areas including customer service, organizational management, and environmental, social, and governance (ESG) management."

This content was produced with the assistance of AI translation services.