Mirae Asset's Overseas Territory Expansion... Global Assets Under Management Exceed 270 Trillion Won

[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments announced on the 28th that its global assets under management reached 272 trillion KRW as of the end of November.

Of this, 36%, or 98 trillion KRW, is the assets under custody of overseas subsidiaries, marking nearly a sevenfold growth from 14 trillion KRW in 2016. The cumulative net profit of overseas subsidiaries up to the third quarter of this year is approximately 270 billion KRW, a fivefold increase from 51.6 billion KRW during the same period last year.

Mirae Asset currently operates over 30 global networks in 15 regions. It is expanding its territory by establishing branches tailored to overseas market conditions or through mergers and acquisitions (M&A). A representative success case is the acquisition of the U.S. ETF specialist firm 'Global X.' When Mirae Asset acquired it in 2018, its assets under management were only about 10 billion USD, but after three years, it has grown more than fourfold to 43 billion USD. This ranks 11th in the U.S. market and surpasses the scale of Cathie Wood's ARK.

Mirae Asset's goal is to expand its financial territory through overseas advancement. Mirae Asset stated, "Based on our accumulated successful overseas expansion experience, we will provide investors with effective investment solutions to overcome the low-interest and low-growth environment beyond Korea to overseas markets."

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