Mirae Asset Global Investments Signs Business Agreement with Korea Polytechnic University

[Asia Economy Reporter Minji Lee] Mirae Asset Global Investments announced on the 26th that it has signed a Memorandum of Understanding (MOU) with Korea Polytechnic University for university fund management and industry-academia cooperation.

The signing ceremony took place on the 25th at the administrative building of Korea Polytechnic University, attended by Park Geon-su, President of Korea Polytechnic University, Seo Yoo-seok, CEO of Mirae Asset Global Investments, and other related personnel from both institutions.

Through this strategic partnership, the two institutions plan to carry out various activities such as establishing the Investment Policy Statement (IPS) for the university fund, providing professional investment advisory services based on Outsourced Chief Investment Officer (OCIO) frameworks including Strategic Asset Allocation (SAA), exchanging information through industry-academia cooperation channels, and enhancing students' financial capabilities.

Korea Polytechnic University is a private university established under the Ministry of Trade, Industry and Energy, building an industry-academia cooperation model to nurture creative and global practical talents that align with the global industrial paradigm shift of the Fourth Industrial Revolution. This industry-academia cooperation is expected to create synergy effects in university fund management and strengthening students' financial expertise.

Mirae Asset Global Investments has been recognized for its asset management capabilities and expertise in customized investment advisory services in the OCIO market, having been selected as the lead manager of the pension fund investment pool in January, in addition to managing the Ministry of Land, Infrastructure and Transport’s Housing and Urban Fund. The pension fund investment pool is a system where financial institutions selected according to standards and procedures prescribed by presidential decree manage the surplus funds of 67 national pension funds in an integrated manner for efficient management and operation.

Seo Yoo-seok, CEO of Mirae Asset Global Investments, stated, “Based on our expertise as the lead manager of Korea’s representative public funds such as the Ministry of Economy and Finance’s pension fund investment pool and the Ministry of Land, Infrastructure and Transport’s Housing and Urban Fund, we will provide responsible investment advisory services as a strategic partner to university funds under the principle of ‘enhancing long-term stable returns.’”

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