Mirae Asset Group: "Client Assets Surpass 1,000 Trillion Won"

Mirae Asset Group announced on August 25 that its assets under management (AUM) have surpassed 1,000 trillion won.

According to Mirae Asset Group, as of the end of July this year, its total AUM reached approximately 1,024 trillion won. Of this, domestic assets amounted to 752 trillion won, while overseas assets accounted for 272 trillion won.

Breaking it down in detail: Mirae Asset Securities managed 549 trillion won (471 trillion won domestically and 78 trillion won overseas); Mirae Asset Global Investments managed 430 trillion won (236 trillion won domestically and 194 trillion won overseas); and other affiliates, including Mirae Asset Life Insurance, managed 45 trillion won both domestically and internationally.

This milestone was achieved 28 years after the group was founded in July 1997 with a capital of 10 billion won. In particular, after recording an AUM of 906.6 trillion won at the end of last year, the group saw its AUM increase by more than 100 trillion won in just eight months, demonstrating rapid growth.

The driving force behind this achievement is Mirae Asset Group's global strategy. Beginning with its entry into Hong Kong in 2003, Mirae Asset Group has steadily expanded into the United States, the United Kingdom, India, and other markets. As a result, the group now operates with 23 trillion won in equity capital and manages 52 overseas subsidiaries and offices across 19 regions. With approximately 16,000 employees both in Korea and abroad, it has solidified its position as Korea's leading global investment group.

Hyunju Park, Chairman of Mirae Asset Group, has long emphasized that "Korean companies must create national wealth through overseas management and enter the global market through bold mergers and acquisitions." He has pursued proactive and bold strategic M&A activities and investments accordingly.

In November last year, the group completed the acquisition of Mirae Asset Sharekhan in India, setting a new milestone for enhancing its global business competitiveness. This move was aimed at securing a leading position in India's growing securities industry and creating business synergy at the group level.

Mirae Asset's India branch held a 'Group Vision Declaration Ceremony' to mark 100 days since acquiring Sharekhan Securities. Chairman Hyunju Park attended the event and took a commemorative photo with over 350 key officials representing approximately 3,800 Indian employees, including 133 local branch managers. Mirae Asset Securities

The global strategy is delivering results. In the first half of this year, Mirae Asset Group recorded a cumulative pre-tax profit of about 1.43 trillion won (simple sum of affiliates), with 477.6 billion won, or 33%, generated from overseas business. In addition, Mirae Asset Securities’ overseas subsidiaries posted a pre-tax profit of 223.8 billion won in the first half, and its U.S. subsidiary achieved its highest-ever quarterly performance in the fourth quarter of last year.

Mirae Asset Global Investments set a record by managing a total of 232 trillion won in exchange-traded funds (ETFs) worldwide. This figure exceeds the entire domestic ETF market size of about 226 trillion won and ranks the company 12th among global ETF managers.

A Mirae Asset Group representative stated, "Mirae Asset will leverage the industry's largest global network, based on our 'Client First' philosophy, to provide clients with differentiated investment opportunities," adding, "We will continue to strive for long-term growth and establish ourselves as a leading global investment group."

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