[New Year's Message] Choi Hyun-man, Chairman of Mirae Asset Securities, "We Must Achieve Substantial Growth to Leap as a Global IB"

[Asia Economy Reporter Song Hwajeong] Choi Hyun-man, Chairman of Mirae Asset Securities, emphasized the need for substantial growth to leap beyond being the nation's top mega investment bank (IB) to becoming a global top-tier IB, presenting 'G. I. D. P 2.0' as this year's business strategy to achieve a quantitative and qualitative super-gap.

In his New Year's address on the 3rd, Chairman Choi stated, "So far, we have successfully executed the 'G. I. D. P. (Global. Investment. Digital. Pension)' strategy by expanding global business and investments, strengthening digital capabilities, and increasing pension assets, growing into the only securities firm in Korea to surpass 10 trillion won in equity capital." He added, "Now, we aim to take one step further from being the top mega IB domestically to a global top-tier IB. To do so, we must not just grow in size; we need substantial growth."

Chairman Choi proposed 'G. I. D. P 2.0' as this year's business strategy, urging qualitative growth, discovery of new future growth engines, and growth together with customers.

He said, "Let's become number one in return on equity (ROE) as befits our top scale," adding, "To achieve this, each division must dramatically improve the productivity of capital, costs, and manpower in their current businesses and allocate resources to areas with clear objectives and plans that can generate more results and growth."

Chairman Choi particularly emphasized that mutual support among organizations to create synergy is an excellent way to enhance manpower productivity. He explained, "Placing the global division under the IB1 headquarters aims to further strengthen the IB capabilities of the head office and overseas subsidiaries, efficiently growing global business beyond brokerage." He also noted, "The significant expansion of the pension sales organization is because the pension business, based on the corporate sales network, creates synergy with other businesses and efficiently grows the customer base."

Next, he urged actively seeking and promoting new future growth engines. Chairman Choi said, "We see opportunities for change and growth in many areas around us," adding, "With the implementation of the MyData business, assets of all financial companies will be opened, and new regulations such as financial product door-to-door sales, retirement pension accumulation plan (IPS), and default options will be enforced. Companies that prepare superior and differentiated asset management capabilities, consulting skills, competitive solutions, and customized content ahead of others will dominate the market."

Finally, Chairman Choi called for growth together with customers and society. He stated, "This year, as the liquidity market phase ends and economic growth slows, market volatility is likely to increase, making customer return management more important than ever," emphasizing, "We must mobilize all our investment capabilities and infrastructure to ensure that not a single customer's asset is neglected and to fully enhance customers' investment returns." He added, "Protecting and growing customers' assets stably is the very reason for our existence," and "When we grow together with our customers, a true customer alliance is completed."

Chairman Choi emphasized, "Based on our experience leading change, we must lead the newly unfolding changes ahead of us with passion and a challenging spirit," adding, "Passion, challenge, and innovation are Mirae Asset Securities' most powerful weapons, and please remember that the current changes are an opportunity to open a new decade for us."

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