[New Year's Message] Kim Miseop & Heo Seonho, Vice Chairmen of Mirae Asset Securities: "The Market and Endpoint of Decision-Making is the Customer"

Miseop Kim and Seonho Heo, Vice Chairmen of Mirae Asset Securities, emphasized the importance of customers and risk management, proposing measures such as enhancing profit and loss stability and strengthening growth pipelines for sustainable growth.

Miseop Kim · Sunho Heo, Vice Chairmen of Mirae Asset Securities

In their New Year's address on the 2nd, Vice Chairmen Kim and Heo stated, "Mirae Asset Securities exists for its customers, and the beginning and end of all decision-making is the customer," emphasizing, "In everything we do, we must always think and act with a customer-oriented mindset to provide services that customers can truly feel and experience firsthand."

They continued, "Since 2022, we have experienced unprecedented rapid interest rate hikes, and we have painfully realized the consequences of investment and management decisions based on risk insensitivity and overly optimistic forecasts that have pervaded the capital markets since the global financial crisis," adding, "We must remember that the core competitiveness of the financial industry lies in properly managing and utilizing various risk factors according to principles and standards."

The two vice chairmen said, "We must become a company that is essential to customers, competitive, and grows by adding value to society," and identified the company's strategic directions for sustainable growth as ▲ enhancing profit and loss stability through business portfolio restructuring ▲ strengthening growth pipelines such as global business ▲ and becoming a company that grows together with society.

First, they plan to further strengthen asset management (WM) based on customer assets under management (AUM), flow, and fee-base, sales & trading, and pension businesses, while managing exposure to investment assets at appropriate levels to enhance profit and loss stability. The two vice chairmen said, "We need to carefully examine risk factors and investment value for each business and reorganize the business portfolio."

They added, "We have long nurtured global business and investment, digital, and pension businesses with abundant growth potential," and urged, "Going forward, we must further strengthen strategies to achieve a super-gap in both scale and substance," calling for the reinforcement of growth pipelines.

Accordingly, the global business will continue to allocate resources to growth regions and sectors to enhance the competitiveness of overseas subsidiaries. The two vice chairmen said, "With the acquisition of the Indian local securities firm Sharekhan as a turning point, we have focused on strengthening global WM competitiveness and secured growth momentum for the next 20 years," and added, "Let us make the Indian market the central axis of growth and strengthen regional businesses in emerging markets such as Vietnam and Indonesia, as well as advanced markets like Hong Kong and New York."

All business divisions plan to innovate their operations by utilizing artificial intelligence (AI) and digital technologies. They stated, "We will not only improve productivity by applying AI but also create new business models and markets," and explained, "WM will address diverse customer investment needs in a timely manner through AI asset management, ensuring all customers receive desired services, and AI trading will be pursued as a mid- to long-term project with continuous development."

Regarding pension assets, they plan to continuously strive to improve pension returns by providing various asset allocation strategies that consider the characteristics of subscribing customers, including long-term stability and growth, while strengthening investment solutions such as robo-advisors and wrap accounts. Alongside this, they will continue investing in verified global innovative companies through quality investment assets and risk management.

They also emphasized shareholder returns and social contributions. The two vice chairmen said, "We must become a company where customers, shareholders, and employees grow together with society," urging, "We will consistently implement shareholder return policies through dividends and share buybacks and cancellations, and through strengthened internal controls and innovation, become a trusted company for customers and a company that employees can take pride in." They added, "Finally, through various social contribution activities, let us practice caring and warm capitalism and contribute to making our society healthier."

The two vice chairmen concluded, "Mirae Asset Securities will take a greater leap forward with a new leadership system," and stated, "We will lead by example from the top and create a corporate culture and system where the collective intelligence of the company's excellent talents can be fully demonstrated, rather than relying on specific individuals."

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