Mirae Asset Management Partners with Bloomberg for "Global Business Expansion"

Mirae Asset Global Investments announced on the 15th that it has signed a Memorandum of Understanding (MOU) with Bloomberg L.P. for global business expansion. This is the first strategic business agreement between a domestic financial company and Bloomberg.

On the 15th, at Bloomberg Korea's Euljiro headquarters, Kim Young-hwan, President of Mirae Asset Global Investments (right), and Dahai Wang, Head of Bloomberg North Asia (left), signed a Memorandum of Understanding (MOU) for global business expansion.
Photo by Mirae Asset Global Investments

On the same day, Mirae Asset Global Investments and Bloomberg signed the MOU at Bloomberg's Euljiro headquarters in Korea to strengthen their global business and establish a strategic partnership. Attendees included Kim Young-hwan, President of Mirae Asset Global Investments, and Dahai Wang, Head of Bloomberg North Asia.

Through this MOU, both companies plan to explore various business collaboration opportunities domestically and internationally. Founded in the United States in 1981, Bloomberg is a financial information service company that provides financial data and analytics, trading platforms, and economic news. Bloomberg plans to support financial information and research for the development of new ETF products based on its expertise in financial data and technology.

Mirae Asset Global Investments, which has a global network in 16 regions worldwide, intends to leverage this MOU with Bloomberg as part of its efforts to strengthen its capabilities as a global asset manager. As of the end of December 2023, Mirae Asset Global Investments manages assets totaling KRW 311 trillion globally, with approximately 41%, or KRW 128 trillion, managed overseas.

Additionally, both companies plan to jointly explore ways to support technology and data integration with various investment strategies and facilitate digital financial transformation.

Bing Li, Head of Bloomberg Asia-Pacific, said, "We are very pleased to establish a strategic collaboration with Mirae Asset Global Investments for the first time in Korea. Based on decades of experience and leading data and fintech solutions in the Asia-Pacific region, Bloomberg will actively support the global expansion strategies of clients across Asia, including Korea."

Kim Young-hwan, President of Mirae Asset Global Investments, stated, "Providing customized investment solutions to global investors requires continuous integration of information technology and advancement of data solutions. Through this agreement, we hope to fully utilize the expertise of both companies to contribute to the achievement of long-term investment goals for global investors."

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