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Mirae Asset Crosses
Historic Milestone
Mirae Asset
Financial Group has surpassed ₩1,024
trillion (about US$721.18 billion)
in assets under management (AUM) as of July 2025, cementing its status as a
global investment leader. Established in 1997 with initial capital of just ₩10
billion, the Seoul-based group has expanded its footprint across 19 countries.
This growth is powered by strong subsidiary performance, overseas investments,
and aggressive mergers and acquisitions, including its recent entry into India
through the Sharekhan deal.
Growth From Domestic
Roots to Global Reach
Crossing the
₩1,000-trillion mark highlights Mirae Asset’s remarkable rise from a domestic
securities firm to a world-class financial powerhouse. At the end of 2024, the
group’s AUM was ₩906.6 trillion, meaning it added more than ₩117 trillion in
just seven months. Today, Mirae Asset leads the Korean financial industry in
managed assets, putting it alongside some of the world’s largest investment
firms.
Breakdown of
Assets and Profits
·
Total AUM:
₩1,024 trillion (≈ US$721.18B)
·
Domestic
AUM: ₩752 trillion
·
Overseas
AUM: ₩272 trillion
·
By
Subsidiary:
o Mirae
Asset Securities: ₩549 trillion
o Mirae
Asset Global Investments: ₩430 trillion
o Life
Insurance & Others: ₩45 trillion
·
First Half
of 2025 Profit: ₩1.43 trillion pretax
·
Overseas
Contribution: ₩477.6 billion (33%)
The group also
operates one of the most diversified ETF platforms worldwide, managing 681 ETFs across markets, with combined
assets of ₩232 trillion. This makes it the 12th-largest ETF manager globally.
Leadership Vision
and Strategy
Founder and Global
Strategy Officer Park Hyeon-joo has consistently emphasized that Korean
financial companies must expand abroad to secure long-term growth and build
national wealth. Mirae Asset’s strategy is centered on:
·
Bold overseas acquisitions such as Sharekhan in
India.
·
Heavy focus on global ETFs and passive
investment solutions.
·
Diversification across securities, insurance,
consulting, and investment banking.
Park has also
stressed the importance of using Mirae’s global network to provide
differentiated opportunities for clients, combining local expertise with global
reach.
Expert Analysis
and Market Impact
Financial analysts
view Mirae Asset’s overseas earnings as a key strength. Diversification beyond
Korea reduces exposure to domestic market slowdowns and positions the group as
a more resilient player. The strong ETF business aligns with global investment
trends, where passive funds are attracting record inflows.
The group’s
presence in 19 regions worldwide—including
the U.S., U.K., India, Brazil, Australia, Vietnam, and China—enhances its
reputation as Korea’s first truly global investment manager. Its growth
reinforces Korea’s standing in international finance and signals that Korean
firms can compete with established Western institutions.
What This Means
for Investors and Businesses
·
For the
Public: Investors gain wider access to global products, such as ETFs
and mutual funds, often at lower fees. Confidence in Mirae’s scale may also
encourage Koreans to invest more in financial markets instead of relying solely
on bank deposits.
·
For
Businesses: Local financial firms face stronger competition, pushing
them to innovate or expand abroad. Meanwhile, global partnerships with Mirae
Asset create new growth opportunities.
·
For the
Economy: Overseas earnings help balance Korea’s financial sector
against domestic risks. Mirae’s success boosts employment, attracts foreign investors,
and enhances Korea’s financial influence worldwide.
Common
Misunderstandings
·
High AUM
does not equal high profit: Margins depend on fees, expenses, and
market conditions.
·
Overseas
assets are not risk-free: Regulatory and geopolitical risks can affect
returns.
·
ETF growth
is not limitless: Market volatility and liquidity issues remain
challenges.
·
Bigger
does not mean easier: Large-scale operations attract greater
regulatory scrutiny.
·
Currency
risks matter: Global diversification exposes Mirae to foreign exchange
fluctuations.
Future Outlook
Mirae Asset’s
achievement marks a turning point for Korea’s financial sector. Looking ahead,
the group is expected to:
·
Expand further into high-growth Asian markets,
especially India.
·
Innovate in ETFs, robo-advisory, and AI-driven
investment products.
·
Strengthen compliance and ESG frameworks to meet
global standards.
·
Drive policy discussions in Korea about
supporting more firms to go global.
Crossing the ₩1,024
trillion AUM milestone is not just a corporate success story—it signals Korea’s
arrival on the global investment stage. For investors, businesses, and the
broader economy, Mirae Asset’s rise is shaping a new era of financial leadership.