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February 04, 2024
Toss kicks off IPO process, eyes 2025 listing
...firms estimate that the company's valuation could reach up to 20 trillion won ($15.1 billion). Viva Republica selected crosstown rivals in the local IPO market -- Korea Investment & Securities and Mirae Asset Securities -- as the lead underwriters, according to industry sourc...
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January 30, 2024
[KH Explains] Private equity firms hunt for health care buyouts
...irms in pursuit of business synergy. “The new deal happened shortly after the previous one. Hahn & Co. is moving quickly to complete its investment portfolio,” said Kim Choong-hyeon, an analyst at Mirae Asset Securities. With the planned acquisition, Hahn & Co. is expected...
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January 18, 2024
[KH Explains] Why spot bitcoin ETFs remain off limits for Korean investors
...s stance and the Capital Market Act. The law does not consider virtual assets to be an underlying asset, as it is not defined as a financial product,” Financial Services Commission Vice Chairman Kim S... detailed guidelines, making its legal status ambiguous. Though local securities f...
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January 08, 2024
[KH Explains] Korean defense firms aim big in US market
...of a bridgehead for the Korean firm into the US market. “The US is looking to introduce foreign-made weapons systems, as its own munitions are being rapidly depleted,” Jeong Dong-ho, an analyst at Mirae Asset Securities, noted in a report released in October. “LIG Nex1's ...
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January 03, 2024
Mirae Asset chief to donate shares to charity
Mirae Asset Financial Group Chairman Park Hyeon-joo has decided to donate 25 percent of his stake in Mirae Asset Consulting to the group's charity foundation in phases, the company said Tuesday. The stock will be gifted to the Mirae Asset...
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December 20, 2023
Mirae Asset founder recognized as global business leader
Mirae Asset Financial Group founder and Chairman Park Hyeon-joo received the International Executive of the Year Award from the Academy of International Business, a leading association of scholars and specialists in international business, according to the finance firm's announc...
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December 19, 2023
Korea's top 5 banks brace for losses from foreign real estate projects
...ized next year. Banks are not alone in facing risks. A large number of local brokerage firms and asset managers here have invested in foreign properties in the US and Europe over the past few years. ...rillion won are set to expire next year. Earlier this year, Korean investment firms...
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December 18, 2023
Mirae Asset's Hong Kong unit marks 20th anniversary
Mirae Asset Global Investments said Sunday that its Hong Kong unit, its first overseas operation, has marked its 20th anniversary. The Hong Kong subsidiary, founded in 2003, has been pivotal to the company's overseas expansion. In 2005, it launched Mirae Asset
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December 13, 2023
Mirae Asset Securities acquires Indian brokerage firm
Mirae Asset Securities has acquired Sharekhan Limited, India’s major brokerage firm, in a $370 million deal to bolster its expansion in the world’s fifth-largest economy. The firm has signed a share...ge arm, Mirae Asset Securities, launched its Indian sub...
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December 07, 2023
Mirae Asset Securities names new CEOs
Mirae Asset Securities, Korea’s largest investment bank and securities firm, said Wednesday that it has appointed Vice Chairman Heo Sun-ho as CEO. He will lead the company’s sprawling business togeth...ill be tasked with expanding the company’s global presence, the company sa...
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December 04, 2023
[Hello Indonesia] Digital innovation for financial inclusivity
...digital prowess would be the answer for financial firms looking to unlock a treasure trove of untapped potential. However, two chiefs heading Indonesian units of Korea's top financial companies -- Mirae Asset Securities and KB Kookmin Bank -- said that mere possession of tech...
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November 28, 2023
Korean banks at risk of W3tr in losses in HK-tied ELS sales
...id. "The FSS plans to conduct a written inspection into other sellers such as Hana, Shinhan, Woori and NH Nonghyup," the official added. Among securities companies, some five companies, including Mirae Asset Securities and KB Securities, are also set to face inspection. “I...
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November 24, 2023
Two CEOs to lead Mirae Asset Global Investments
Mirae Asset Global Investments, an asset management company under Mirae Asset Financial Group, named two vice chairs, Choi Chang-hoon and Rhie Chun-yong, as chief executive officers of the firm in a shareholders meeting Thursday. Choi, who has held...
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November 13, 2023
[Hello Indonesia] How Mirae Asset mesmerized Indonesian investors with cartoon
...biggest challenge and core mission for any company trying to make inroads into a new market. For Mirae Asset Securities to hold the largest share in the Indonesian capital market, the brokerage firm ...ss,” Shim Tae-yong, president director of Mirae Asset...
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November 09, 2023
US Treasury removes Korea from currency manipulation watchlist
...ontinue to exclude Korea from the watchlist in the first half of next year, as it is projected the current account balance will not surpass the threshold then, too,” said economist Park Hee-chan of Mirae Asset Securities. "The decision does not specifically impact the foreca...
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November 06, 2023
[Hello Indonesia] Korea, Indonesia to bolster ties on future growth drivers
...a in October. Brokerage houses, expecting Indonesia's middle-income market to grow, also have a presence in the country. Major securities firms have launched subsidiaries in the country, including Mirae Asset Securities, KB Securities and NH Investment & Securities. Yet thou...
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October 31, 2023
Lunch with Mirae Asset, Naver chiefs to be auctioned
By Song Jung-hyun ( junghyun792@heraldcorp.com )
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October 31, 2023
Mirae Asset ETF to make Chinese debut
Mirae Asset Global Investments is making its foray into China’s exchange-traded fund market, becoming the first Korean asset management firm to do so. The Global X Hang Seng Tech ETF, operated by the asset manager’s ETF arm in Hong Kong, will be set up for...
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October 29, 2023
Mirae Asset Securities names Kim Mi-sub as CEO
Mirae Asset Securities, Korea's largest investment bank and securities firm, announced Friday that its Vice Chairman Kim Mi-sub has been appointed as its new CEO. Friday’s announcement comes on the ...eturning to South Korea, he served as the CEO of Mirae Asset<...
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October 24, 2023
Mirae Asset seeks generational change in leadership reshuffle
Mirae Asset Financial Group announced a massive reshuffle at the executive level on Monday, signaling a generational shift in leadership as its founding members are to step down. Mirae Asset Securities CEO and Chairman Choi Hyun-man, the group’s No. 2 man, ...
November 23, 2024
