Mirae Asset and LS Group Join Hands for 100 Billion KRW ESG Fund Leading 'Eco-Friendly Investment'

[Asia Economy Reporter Ji Yeon-jin] Mirae Asset Securities is partnering with LS Group to create a fund worth over 100 billion KRW, focusing on eco-friendly investments. This is the seventh partnership fund formed by Mirae Asset Group with major domestic corporations.

According to the Financial Supervisory Service's electronic disclosure system on the 4th, Mirae Asset Securities will invest 45 billion KRW this month in the ‘LS Mirae Asset ESG Investment Association No.1,’ established by its affiliate Mirae Asset Capital. This association is jointly funded 50% each by LS Group and Mirae Asset Group, forming a fund of approximately 100 billion KRW. Mirae Asset Capital will manage the fund, investing in ESG (Environmental, Social, Governance) sectors. The fund will primarily invest in eco-friendly energy, electric vehicles, and smart factories, linked to LS Group’s future growth strategy, while also allocating capital to battery and semiconductor industries where domestic companies hold competitive advantages.

Previously, Mirae Asset Securities has actively engaged in venture investments with domestic conglomerates. Starting with the ‘Mirae Asset-Naver Asia Growth Fund’ formed in 2018 with Naver, it has created partnership funds with GS Retail, Celltrion, LG Electronics, Korea Express, and Hyundai Heavy Industries Holdings, investing in new growth businesses. Notably, the fund formed with Naver attracted attention by investing in Grab, known as the ‘Uber of Asia.’ At that time, the fund invested 150 million USD in Grab, which went public on NASDAQ last year, demonstrating successful outcomes.

Last year, a 34 billion KRW new growth fund formed with Hyundai Heavy Industries Group is discovering promising venture companies in digital healthcare fields such as remote medical services, digital therapeutics, AI-based diagnostics, and bio new drug development. A Mirae Asset Securities official stated, "The LS Mirae Asset ESG Investment Association No.1 is the first large-scale corporate partnership fund established this year, and it will proactively identify and invest in growth companies in the globally trending ESG sector."

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