Mirae Asset Financial Group Offers Wide Range of Financial Services

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Mirae Asset Financial Group is a leading financial services company that provides a diverse range of services to individuals, corporations, and governments.

They offer asset management services, which include investment management, portfolio management, and wealth management.

Their asset management services are designed to help clients achieve their financial goals, whether it's growing their wealth or generating income.

Mirae Asset Financial Group also provides securities services, which include trading, clearing, and settlement of securities.

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Business Operations

Mirae Asset Securities operates with a localization strategy tailored to each market, allowing it to quickly respond to differences in economic and business environments.

In developed markets like North America and Europe, the firm invests in prime assets and expands its investment banking, sales, and trading businesses.

The firm has solidified its position in India's retail finance sector, with over 1 million retail customer accounts as of February 2024.

Mirae Asset Securities manages about 730 billion won in client assets and 180 billion won in multilateral trading facility (mtf) in India, with 2.1 million transactions a day as of February 2024.

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The firm aims to become a top-five player in the Indian financial service market, alongside its affiliate Mirae Asset Global Investments.

In Hong Kong, Mirae Asset Securities offers a broad range of services for investments, brokerage, sales, and trading, investing in corporates in growth sectors like artificial intelligence and biopharmaceuticals.

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Mergers and Acquisitions

Mergers and acquisitions have been a crucial part of Park's business strategy, allowing him to grow Mirae Asset Financial Group into a leading financial conglomerate in South Korea.

He has successfully acquired several financial companies, including SK Investment Trust Company in 2004 and SK Life Insurance in 2005, both affiliates of SK Group.

Park's investment philosophy and insights have been key to these acquisitions, enabling him to identify opportunities and make strategic moves.

In 2011, he acquired Horizons ETFs, a major ETF player in Canada, and Betashares, a major ETF player in Australia, expanding Mirae Asset's presence in the global ETF market.

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The following year, he merged and acquired Daewoo Securities and Mirae Asset Securities, further solidifying the company's position in South Korea's financial sector.

In 2016, he acquired KDB asset management company, formerly owned by Korea Development Bank, and in 2017, he invested in Vietnamese life insurance company, PRÉVOIR.

Mirae Asset's acquisition spree continued in 2017 with the acquisition of Korea-based PCA Life Insurance, and in 2018, he acquired Global X, a US ETF company.

Here's a list of some of the notable acquisitions made by Park and Mirae Asset Financial Group:

  • 2004.02: SK Investment Trust Company, an affiliate of SK Group
  • 2005.06: SK Life Insurance, an affiliate of SK Group
  • 2011.11: Horizons ETFs, a major ETF player in Canada
  • 2011.11: Betashares, a major ETF player in Australia
  • 2016.12: Merge and acquisition of Daewoo Securities and Mirae Asset Securities
  • 2016.12: KDB asset management company, formerly owned by Korea Development Bank
  • 2017.07: PRÉVOIR, a Vietnamese life insurance company
  • 2017.12: PCA Life Insurance, a Korea-based life insurance company
  • 2018.07: Global X, a US ETF company
  • 2024.11: Sharekhan Indian Brokerage company

Global Expansion

Mirae Asset Financial Group has been expanding globally since its early stages, making it a pioneer in the South Korean financial industry.

The group's founder, Park, had a clear vision to take the business global, which has led to its current status as a leader in the industry.

Mirae Asset Global Investments is the leading asset management company in South Korea and operates worldwide across 16 markets.

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The company takes a collaborative approach in managing a fully diversified investment platform, powered by a unique perspective and the expertise of its global investment professionals.

Mirae Asset Global Investments has over $303bn in assets under management (AUM) as of June 2025, giving it the scale and experience to identify opportunities in a changing world.

The group's subsidiaries in Asia, such as India and Hong Kong, are key to its global expansion strategy.

In India, Mirae Asset Securities has exceeded 1 million retail customer accounts and is set to launch an upgraded version of its trading platform, m.Stock 2.0, in the second half of 2024.

The company has also acquired Sharekhan Ltd., India's 10th-largest brokerage firm, and aims to become a top-five player in the Indian financial service market.

Mirae Asset Securities is also sharpening its competitive edge in Hong Kong, offering a broad range of services for investments, brokerage, sales, and trading.

The company's subsidiaries in New York and London focus on brokerage and sales & trading businesses, with the New York affiliate strengthening services for US institutional investors.

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Mirae Asset has been expanding globally for over two decades, with its first overseas office opening in Hong Kong and the launch of US-domiciled funds, the Mirae Asset Discovery series.

The company has also acquired several leading ETF providers, including Horizons ETFs in Canada and Global X in the USA.

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Key Affiliates

Key Affiliates play a crucial role in a company's business operations. They are often responsible for managing relationships with other businesses and organizations that can help advance the company's goals.

A well-chosen affiliate can provide valuable expertise and resources to a company. For example, a technology affiliate can help a company develop new software.

Key affiliates can also help a company expand into new markets. By partnering with a local business, a company can gain a better understanding of the local culture and customer needs.

A good affiliate will be able to provide valuable insights and advice to help a company make informed decisions. This can be especially important for small businesses or startups that may not have the resources to conduct extensive market research.

In some cases, a company may choose to partner with a non-profit organization as an affiliate. This can be a great way to give back to the community while also gaining access to new resources and expertise.

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Financial Services

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Mirae Asset Financial Group has a long history of innovation in the financial services industry. It launched Korea's first real estate trust and private equity fund in 2004.

The company has continued to break new ground, earning a Qualified Foreign Institutional Investor (QFII) designation from the Chinese government in 2008, allowing it to invest in renminbi-denominated local stocks.

Mirae Asset Securities offers a range of services, including brokerage, wealth management, investment banking, and sales & trading. It is listed on KOSPI.

The company's life insurance arm, Mirae Asset Life Insurance, provides life insurance, investment-linked insurance, financial consulting, and retirement planning services. It has been listed on KOSPI since July 2015.

Mirae Asset Financial Group has also made significant contributions to financial education, supporting 413,779 students with lectures to reduce financial literacy gaps.

Investments

Mirae Asset Global Investments is a diversified global investment manager with a presence in 16 markets worldwide. They manage a fully diversified investment platform.

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Their investment professionals provide innovative investment solutions and intelligent ways to achieve clients' objectives. This is made possible by their unique perspective and expertise.

As of June 2025, the firm invests over $303 billion on behalf of clients. This scale and experience enable them to identify opportunities in a changing world.

The firm manages a diverse portfolio of alternative investments. This includes proactive investments in global real estate and equity in various business sectors.

Their real estate portfolio comprises around 60 investments as of end-2023. They primarily target core properties in populated areas offering stable cash flow.

Some notable properties include the US-based Park Center and Taunusanlage 8 in Frankfurt. They also own the Shanghai Mirae Asset Tower, the first overseas real estate investment by a Korean institutional investor.

In addition to real estate, the firm owns equity in companies like Titleist and FootJoy. They also have stakes in healthcare firm HK inno.N and defense company Korea Aerospace Industries.

Their venture capital investments include shares in Impossible Foods and ride-hailing company Grab. They also own equity in online grocery store BigBasket and e-commerce app operator Bukalapak.

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291.8 USD Million

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Mirae Asset Securities manages a whopping $329.4 billion in assets and $8.7 billion in equity capital as of end-2023.

The firm's equity capital has seen steady growth, increasing by 21.7% over four years from 2019. This growth is a testament to the company's solid financial foundation and its ability to adapt to changing market conditions.

Mirae Asset Securities operates an extensive global network, with 12 overseas subsidiaries and three representative offices across Asia, the Americas, and Europe. This global presence allows the company to tap into diverse markets and provide its clients with a wide range of investment opportunities.

The firm's investment banking business makes up the largest part of its operations, followed by securities trading, wealth management, growth sector investments, and alternative asset management.

Park Hyeon Joo Foundation

The Park Hyeon Joo Foundation is a remarkable initiative by the Mirae Asset Financial Group. It has been quite successful in its mission to provide educational support to students.

Credit: youtube.com, Mirae Asset Global Experience Camp - Mirae Asset Park Hyeon Joo Foundation

The foundation has awarded a staggering number of scholarships, with a total of 16,285 domestic and overseas scholarships given out. This is a testament to the foundation's commitment to empowering students from all backgrounds.

A significant portion of the foundation's efforts goes into economics and financial education, with 455,836 students benefiting from these programs. This is an impressive achievement, especially considering the importance of financial literacy in today's world.

The foundation also organizes a Global Leadership Camp for Children, which has been attended by 15,838 students. This camp is designed to help young leaders develop their skills and confidence.

Here are some key statistics about the Park Hyeon Joo Foundation's impact:

  • 16,285 Domestic and Overseas Scholarships
  • 455,836 Economics and Financial Education
  • 15,838 Global Leadership Camp for Children
  • 487,959 Total Students

These numbers are a reminder of the foundation's dedication to making a positive difference in the lives of students.

Industry Insights

Mirae Asset Financial Group is a leader in the financial industry, with a strong presence in Asia. The company has a rich history dating back to 1997.

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Its early success can be attributed to its innovative approach to financial services, which was spearheaded by its founder, Hyoung Doon Kim. He played a crucial role in shaping the company's vision and strategy.

Mirae Asset Financial Group has expanded its operations to various countries, including China, India, and Southeast Asia. This strategic move has enabled the company to tap into new markets and diversify its revenue streams.

The company's commitment to innovation has led to the development of cutting-edge financial products and services. One notable example is its investment platform, which provides investors with access to a wide range of investment options.

Mirae Asset Financial Group has also made significant investments in technology, which has improved its operational efficiency and customer experience. The company's digital transformation has enabled it to provide seamless and secure services to its clients.

The company's focus on innovation and technology has earned it numerous awards and recognition in the industry. Its commitment to excellence has made it a trusted partner for investors and businesses alike.

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Core Values and Milestones

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Mirae Asset Financial Group is built on a strong foundation of core values that guide their actions and decisions. At the heart of these values is a commitment to putting clients first, with their success being the top priority.

Their proven investment strategies are designed to help clients achieve their goals, and they take a long-term approach to building relationships. This focus on clients has earned them a reputation for being a trusted partner in the investment world.

Mirae Asset's objectivity and independence set them apart from other financial institutions. They assess every investment opportunity with total impartiality, ensuring that their decisions are always aligned with the needs of their clients.

Here are some key aspects of their core values:

  • Clients First: Their clients' success is paramount, and they strive to build long-term relationships through proven investment strategies.
  • Objectivity: They assess every investment opportunity objectively and with total impartiality.
  • Teamwork: Mirae Asset's success is built on respect for each individual, with a focus on creating a meritocracy where talent and achievement are rewarded.
  • Citizenship: They are committed to giving back to the communities in which they live and actively support various initiatives within them.

History

Our company's history is a story of steady growth and innovation. We were founded in 2005 by a group of entrepreneurs who shared a vision of creating a more efficient and customer-focused business model.

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Our early years were marked by a focus on developing a robust and scalable technology platform, which would become the backbone of our operations. This platform enabled us to streamline our processes and provide better service to our customers.

In 2010, we launched our first major product, which was a huge success and helped establish us as a leader in our industry. This product's popularity was fueled by its ease of use and flexibility, which made it a favorite among our customers.

Over the years, we've continued to innovate and expand our offerings, always keeping our customers' needs at the forefront of our decision-making process. We've also made significant investments in our people and technology, which has enabled us to stay ahead of the curve and adapt to changing market conditions.

Today, we're proud to be a company that's known for its commitment to customer satisfaction and its willingness to take calculated risks to drive growth and innovation.

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Core Values

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At Mirae Asset Global Investment, client success is the top priority. Their success is what drives our own success, and we build long-term relationships by using proven investment strategies.

We assess every investment opportunity objectively and with total impartiality. This independence ensures that our decisions are aligned with the needs of our clients.

Mirae Asset's success is built on respect for each individual. We aim to create a true meritocracy where talent and achievement are rewarded, and opportunity is equally available to all.

We're not just a company, we're also good corporate citizens. We give back to the communities in which we live and actively support various initiatives within them.

Here are the core values that guide our actions:

  • Clients First: Their success is our success.
  • Objectivity: We assess every investment opportunity with total impartiality.
  • Teamwork: We create a true meritocracy where talent and achievement are rewarded.
  • Citizenship: We give back to the communities in which we live.

Mirae Asset Global Investments has been making waves in the financial world, and here are some related news stories that caught our attention.

The company has selected 20 Korean undergraduate students to share their experiences studying overseas as part of the firm's global grant recipient program, the 33rd Global Exchange Scholarship Program.

Credit: youtube.com, Breaking News | Mirae Asset‘s target date fund tops yearly returns

Mirae Asset has also topped $300 billion in assets under management, with nearly half of its portfolio managed internationally.

This is a significant milestone for the company, and it's no surprise that they've become one of the leading financial institutions in South Korea.

In another notable achievement, Mirae Asset's Tiger US S&P 500 exchange-traded fund has become the largest ETF by net assets listed in South Korea, marking the first time in the country's 23-year ETF history that a fund centered on overseas equities has claimed the top spot.

Here are some key statistics from Mirae Asset's recent achievements:

  • 20 Korean undergraduate students selected for the 33rd Global Exchange Scholarship Program
  • $300 billion in assets under management
  • Nearly half of the portfolio managed internationally
  • Tiger US S&P 500 ETF becomes the largest ETF by net assets listed in South Korea

Frequently Asked Questions

Who is the owner of Mirae asset?

Park Hyeon-joo is the founder of Mirae Asset Financial Group. He is a South Korean businessman and venture capitalist.

Is Mirae a good company?

Mirae Asset Securities has a 3.2-star rating on Glassdoor, indicating a generally positive work experience for employees. Explore company reviews to learn more about working at Mirae Asset Securities.

Carlos Bartoletti

Writer

Carlos Bartoletti is a seasoned writer with a keen interest in exploring the intricacies of modern work life. With a strong background in research and analysis, Carlos crafts informative and engaging content that resonates with readers. His writing expertise spans a range of topics, with a particular focus on professional development and industry trends.

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