[Exclusive] James Kim, AmCham Chairman, Appointed Chairman of Mirae Asset Management Board

"Appointment of Chairman for Global Business Expansion"

James Kim, Chairman of the American Chamber of Commerce in Korea (AMCHAM) (left), and Jeffrey Jones, Chairman of the Board, are holding a press conference on the current situation of the novel coronavirus (COVID-19) at IFC, Yeongdeungpo-gu, Seoul, on the 5th. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Yoonju Hwang] James Kim, Chairman of the American Chamber of Commerce in Korea (AMCHAM), has been appointed as the new Chairman of the Board at Mirae Asset Global Investments. Along with James Kim's appointment, Mirae Asset Global Investments is expected to expand its global business this year.

According to business and securities industry sources on the 31st, Mirae Asset Global Investments appointed James Kim, Chairman of AMCHAM, as the Chairman of its Board.

James Kim is a Korean-American who has built expertise at global companies. After working as a marketing manager at AT&T in the U.S. in 1992, he served as CEO of Overture Korea, a Yahoo subsidiary, from 2005, President of Yahoo Korea in 2007, CEO of Microsoft Korea in 2009, and CEO of GM Korea in 2015. Notably, he gained attention when he was appointed as the first Korean-American Chairman of AMCHAM in 2013.

AMCHAM is the largest foreign economic organization in Korea, established in 1953 to promote investment and trade between Korea and the U.S. Above all, it plays a role in business diplomacy between the two countries. AMCHAM holds the annual 'Door Knock' event in Washington DC in the first half of each year, where members meet directly with senior U.S. officials from the White House and Congress to discuss various issues faced by American companies operating in Korea. Not only AMCHAM member companies but also Korean companies doing business in the U.S. attend this event.

The reason Mirae Asset Global Investments appointed James Kim as Chairman of the Board appears to be to expand its global business. Mirae Asset Global Investments operates 19 overseas local subsidiaries, including Global X in the U.S. and Horizons ETFs in Canada. Through these, it has about 368 ETFs (Exchange-Traded Funds) listed overseas. It is the most proactive domestic asset management company in overseas expansion. A representative from Mirae Asset Global Investments explained, "It signifies our active approach to expanding overseas business this year as well."

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