Mirae Asset, 25th Anniversary... Chairman Park Hyun-joo "Growth Story Continues"

Established Mirae Asset Venture Capital in July 1997
Achieved 1 trillion KRW net profit last year, first among securities firms
Grew into the No.1 securities firm in Korea

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Mirae Asset Group, the number one securities firm in the domestic securities industry, has celebrated its 25th anniversary. Due to the recent tightening in the U.S. causing a continued downturn in the global stock market, there was no grand anniversary event. Chairman Park Hyun-joo reiterated the management philosophy of "looking to the future with an open mind and valuing talent" in a letter sent to employees on this day.

Chairman Park, who leads Mirae Asset Group, established Mirae Asset Venture Capital in July 1997. In August of the same year, he founded Mirae Asset Investment Advisory, the first specialized asset management company in Korea, and the following year launched Korea's first mutual fund, "Park Hyun-joo No. 1," opening the domestic indirect investment market. In 1999, Mirae Asset Securities was established, marking its position as a full-fledged financial investment company. In 2003, Mirae Asset Asset Management Hong Kong, the first overseas asset management subsidiary in Korea, was established to pioneer overseas markets. Currently, Mirae Asset has expanded into seven countries including the United States, China, the United Kingdom, Australia, Canada, India, and Vietnam. Mirae Asset rose to become the top securities firm in Korea by acquiring Daewoo Securities in 2015. Last year, it became the first in the securities industry to surpass 1 trillion won in annual net profit.

On this day, Chairman Park stated, "Considering the difficult market conditions, we have omitted a separate commemorative event to signify solidarity with our customers," and emphasized, "As per the management philosophy of 'looking to the future with an open mind and valuing talent,' Mirae Asset has grown based on an organization that values talent." He added, "I express my gratitude to all employees worldwide who are practicing customer alliances while pioneering new paths beyond Korea, and the growth story of Mirae Asset must continue going forward."

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