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April 30, 2023
Probe in full swing into W8tr stock market wipeout
...is, securities firms, including Samsung Securities and Korea Investment & Securities, have closed new deals on CFD trading. Both firms only allow customers to liquidate their existing CFD accounts. Mirae Asset Securities and other firms have raised the bar for good faith depos...
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April 25, 2023
Samsung, SK under renewed pressure to join US chip battle against China
...different scenarios for now, but China will calculate their gains and losses before making the decision to suspend Micron's sales," another industry official said under the condition of anonymity. Mirae Asset Securities said Samsung and SK hynix would likely make passive supp...
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April 21, 2023
Korean battery makers supply 8 out of 10 US tax eligible EVs
...g to data from market tracker FnGuide, LG Energy Solution’s operating profit is estimated to skyrocket by 144 percent to 2.9 trillion won this year and jump 283 percent to 4.6 trillion won by 2024. Mirae Asset Securities projected SK On to generate 4.9 billion won in profit t...
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April 18, 2023
FSC to ease regulation on Korean investment firms' foreign lending
...ble environment for Korean investment firms' overseas lending business, the financial regulator said Monday. At a seminar held at the Korea Exchange Monday, many securities firms here -- including Mirae Asset Securities -- raised the issue on how the current regulation makes ...
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April 14, 2023
Financial firms in rush to enter W1000tr OCIO market
South Korea’s securities and asset management firms are racing to capture a bigger piece of the Outsourced Chief Investment Officer market as they expect that more firms and institutional funds will ... to be named. In the most recent competition over an OCIO job, major securities firms...
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April 13, 2023
[KH Explains] When will BOK pivot come?
...e Fed will raise rates by a quarter point next month as of Wednesday. "The Fed has been ruling out the possibility of a pivot. It will be difficult for the BOK to call for a pivot in its rate stance earlier than the Fed," analyst Min Ji-hee from Mirae Asset Securities said. ...
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April 04, 2023
[K-Financiers] Mirae Asset sets down roots in Vietnam
This is the fifth installment of a series of interviews on chiefs who run overseas units of Korean asset management, banking and securities companies, examining their key strategies for global expansion. -- Ed. Taking a step beyond simply adapting to the local market, Seoul-based securit...
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March 31, 2023
Global X Japan surpasses Y100b in AUM
Mirae Asset Global Investments announced on Thursday that Global X Japan, its joint investment venture in Japan, surpassed 100 billion yen ($756 million) in assets under management, just two years af...d in September of 2019 by Global X Management – a New York-based fund manage...
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March 31, 2023
Mirae Asset Securities, SKT collaborate to lead security token industry
South Korea's largest securities firm Mirae Asset Securities and telecommunications giant SK Telecom on Thursday formed a consortium called Next Finance Initiative to become a leader of the new emerging security token industry. "We expect to establish a firm position as a globa...
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March 29, 2023
Mirae Asset Securities unveils 2023 outreach plans
South Korea’s largest investment bank and securities firm Mirae Asset Securities on Tuesday unveiled plans for this year’s social contribution activities that all employees, including Chairman Choi Hyun-man, will carry out throughout the year. In March, the company plans to p...
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March 09, 2023
Fed’s hawkish stance leaves Korea under pressure
...ase in the second quarter amid the Fed’s prolonged monetary tightening stance, the rate hike will be a one-time event, making Korea’s terminal rate stand at 3.75 percent,” Min Ji-hee, an analyst at Mirae Asset Securities, projected. The next FOMC meeting is scheduled for M...
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March 08, 2023
[Newsmaker] Women make up just 24% of workforce at major companies
... with a yearly income of 97.7 million won. The next highest paid female employees were found to be working at South Korean brokerage firms such as NH Investment & Securities (97.5 million won) and Mirae Asset Securities (92.1 million won), followed by tech giant Naver (91.1 m...
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February 21, 2023
BOK likely to free base rate after 18 months of hikes
...n the year, market experts viewed. “Rhee and other members of the Monetary Policy Committee viewed 3.5 percent to be of a restrictive level in the previous meeting,” said Min Ji-hee, an analyst at Mirae Asset Securities, agreeing to the projection that the central bank will...
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February 16, 2023
LG Energy Solution commits to climate change measures
... pursuits. As of 2022, approximately 4,200 companies and organizations worldwide such as leading asset manager BlackRock have committed to the TCFD guidelines. One hundred and six Korean companies ha...ial institutions including SK Group, Hyundai Motor Group, Kakao Pay, Nonghyup Financ...
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February 15, 2023
Mirae Asset bolsters US market presence with ETF arm Global X
Mirae Asset Global Investments has made a big stride forward in the US exchange-traded funds market in the last five years following its acquisition of New York-based fund management firm Global X. ... as a global ETF manager,” said Kim Bum-seok, an executive director of corpo...
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February 07, 2023
[Herald Interview] Raising retirement age is key solution for pension reform: French economist
.... “They want to increase the retirement age up to 64, but most of the people are dismissed by their enterprise at the age of 55. So what will they do between 55 and 64?” Aghion said. According to Mirae Asset Investment and the Pension Center's research last year, the avera...
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January 26, 2023
Mirae Asset Global Investments tops TDF market share
Mirae Asset Global Investments has gobbled up nearly half of target-date fund market share, recording 3.5 trillion won ($2.84 billion) under management as of the end of 2022. TDF refers to an investment scheme where a portfolio’s asset allocation mix automatically re...
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January 26, 2023
New NPS CIO on mission to make critical shift
...cial career at Samsung Life Insurance in 1988 and was the head of the insurer’s New York and Singapore offices. Seo was also CIO of the now-defunct PCA Life Insurance -- which was fully acquired by Mirae Asset Life Insurance in 2018 -- for four years between 2014 to 2018. Hi...
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January 26, 2023
Celltrion becomes largest shareholder of Iksuda Therapeutics
...Korean drugmaker Celltrion announced on Wednesday that it has increased its stake in British biotechnology firm Iksuda Therapeutics to 47.05 percent through direct investment and a fund formed with Mirae Asset Capital. This decision has made Celltrion and the Mirae ...
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January 20, 2023
Mirae Asset buoyed by upbeat overseas earnings
Mirae Asset Global Investments stands strong in the global financial market, despite a challenging economic environment. As of end-2022, Mirae Asset Global Investments' assets under management had reached 248 trillion won ($200 billion). According to the fir...
November 23, 2024
