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October 20, 2023
Mirae Asset Securities to buy back shares worth W60b
Mirae Asset Securities, Korea's largest investment bank and securities firm, said it plans to initiate a share buyback program worth 60.2 billion won ($44 million) in an effort to boost shareholders’ value, the firm said Wednesday. The firm will repurchase its 10 million share...
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September 24, 2023
Mirae Asset continues to lead domestic equity ETF market
Mirae Asset Global Investments has been leading the domestic equity ETF market with its innovative growth ETFs since April 2022, according to data from the Korea Financial Investment Association. In...roactive introduction of a variety of innovative ETFs in line with market tre...
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September 22, 2023
Mirae Asset continues to lead domestic equity ETF market
Mirae Asset Global Investments has been leading the domestic equity ETF market with its innovative growth ETFs since April 2022, according to data from the Korea Financial Investment Association. In...roactive introduction of a variety of innovative ETFs in line with market tre...
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September 18, 2023
Deutsche Bank to inject 150m euro into Seoul branch
...its financial sector. Six major financial leaders from Korea who attended this promotion session include Shinhan Financial Group Chairman Jin Ok-dong, Woori Financial Group Chairman Yim Jong-yong, Mirae Asset Securities Chairman Choi Hyun-man, NH Investment & Securities CEO J...
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September 11, 2023
[KH explains] Why Mirae Asset bets big on expanding presence in India
Since its Indian launch in 2018, Mirae Asset Securities, the finance group’s brokerage, has also been seeking a bigger presence through mergers and acquisitions. Earlier this month, there was a report that the firm was in talks to acquire Sharekhan, India’s ninth-largest brok...
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September 04, 2023
Conference highlights unlimited potential of NFT
...y across industries. “In June, the National Assembly passed the Act on the Protection of Virtual Asset Users, the first legislation related to virtual assets here,” ruling People Power Party Rep. Yoo...tworks, the information technology solution developer under CJ Group and Lee Young...
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September 04, 2023
Experts explore NFT applications, STO market dynamics
...on-$60 trillion Web3 valuation by 2030, with NFTs poised to claim 10 to 15 percent of the digital asset valuation by that time. "NFT creators have many ways to monetize their creativity," he said. T...g the right balance between their benefits and inherent challenges," he noted. Lee ...
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August 31, 2023
SK-backed Sapeon raises W60b in series A funding
... 500 billion won. Ascent Equity Partners led the financing as the primary investor. Other key investors included GS Group affiliates like Daebo Communication & Systems Corp., Hana Financial Group, Mirae Asset Venture Investment, WeVentures and a venture fund called Episode 1....
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August 29, 2023
NFT conference to explore monetizing digital assets in Web3 era
... tokens, digital assets such as art and the Web3 framework that enables new decentralized digital asset marketplaces. The event will be organized by The Korea Herald, the nation’s largest English dai...ic STO Market and Industry-Specific STO Strategies,” will have Lee Young-jae, seni...
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August 17, 2023
Mirae Asset acquires Australia's No. 1 robo-adviser
Mirae Asset Global Investments announced Wednesday that it has acquired Australia’s No. 1 robo-adviser Stockspot. The Korean assets management firm said it will secure a 53 percent stake in the company in a deal worth 28 million Australian dollars ($18 million), with plans to ...
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August 01, 2023
[KH Explains] Commercial real estate crash punishes investors
...ial office buildings -- once perceived as a reliable investment -- have become a liability. Igis Asset Management’s 370 billion won ($290 million) investment in the Trianon office building in Frankfu...ion. We are trying our best to normalize the fund and minimize the losses,” an off...
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July 21, 2023
Conglomerates team up to support rain victims
...nts for six months for customers affected by the torrential rains. Moreover, 10 firms -- Celltrion Group, CJ Group, Doosan Group, HD Hyundai, Hyundai Department Store Group, Kakao, KT&G, LS Group, Mirae Asset Financial Group and Naver -- chipped in 500 million won each to sup...
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July 20, 2023
Woori Bank to compensate Mirae Asset's HK fund investors
...vestors of a fund worth 250 billion won ($197 billion) for a Hong Kong office building managed by Mirae Asset, Woori Bank has decided to provide partial compensation to its clients. Back in June 2019...In addition, Multi Asset Global Investments on Tuesday decided t...
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July 19, 2023
Mirae Asset’s ETF business exceeds $100b
Mirae Asset Global Investments revealed Tuesday that its exchange-traded fund business has surpassed $100 billion in assets under management. As of Tuesday, Mirae Asset manages a portfolio of 538 ET... that help them achieve their investment objectives,” Pa...
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July 03, 2023
Mirae Asset Securities outpaces rivals in ESG ratings for H1
Mirae Asset Securities announced Friday that it received a grade A for its sustainable management by local ESG ratings agency Sustinvest, becoming the only securities firm to earn the top ranking. The latest recognition comes as the company has ramped up sustainability efforts ...
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June 02, 2023
Hana Financial, Mirae Asset join hands for digital finance innovation
Hana Financial Group and Mirae Asset Securities said Thursday that they have signed a joint deal for business cooperation in Web3 and security tokens in efforts to lead the way into the future of digital finance. “Through our solid partnership, we will actively take up opportu...
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June 02, 2023
FSS chief reaffirms support for financial groups' global expansion
...rean financial firm officials could meet up,” he said. Lee emphasized that this holds particular significance for many Korean firms engaged in business operations in Indonesia. "Companies such as Mirae Asset and KB have witnessed remarkable business expansion in the country...
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May 29, 2023
Mirae Asset's global ETF executives gather to shape future direction
Mirae Asset Global Investments said Friday that it held a gathering of executives worldwide to discuss the asset manager's future direction in the global exchange-traded fund business and to evaluate...introduced the ETF business in each country and proposed ways to st...
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May 11, 2023
Mirae Asset Securities becomes trading member of Singapore Exchange
Mirae Asset Securities announced Wednesday that its Singapore branch has officially become the 28th securities trading member of the Singapore Exchange. It is the first Korean financial investment company to do so. As a member, Mirae Asset can now trade vari...
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May 07, 2023
Choo warns of market volatility as Korea-US gap hits record
...rate further for the time being. “With the Fed maintaining its decision on the key rate for the future, the BOK is likely to maintain its previous forward guidance," said Min Ji-hee, an analyst at Mirae Asset Securities. The central bank has repeatedly stressed that discussi...
November 23, 2024
