À̹ÌÁö È®´ë South Korea¡¯s Mirae Asset Group plans to jump into the Japanese market this year and expand its businesses in China and India, stepping up the global outreach campaign of its founder and chief investment officer.
Park Hyeon-joo, who stepped down as chairman of Mirae Asset Daewoo Co. to take up a new title as the Global Investment Strategy Officer last year, revealed his plans in an internal email sent out to employees.
¡°From a global perspective, demand for overseas financial instruments is likely to continue growing,¡± he said, adding that he will work on ¡°developing competitive offerings.¡±
In May 2018, Park resigned as chairman of the country¡¯s largest brokerage house to assume a new post as the Global Investment Strategy Officer, withdrawing from domestic businesses to concentrate on building the group¡¯s global presence.
Park said handing over the domestic operations to Executive Vice Chair Choi Hyun-man and chief executives of each affiliate ¡°was not easy.¡± But looking back, he said it was ¡°the best decision I made since the acquisition of Global X, the U.S. provider of exchange-traded funds.¡±
Mirae Asset Daewoo currently has offices in 14 countries, including the U.S., Vietnam, Australia and Hong Kong.
As for domestic operations, Park mentioned the $1.65 billion tech cluster to be built on a 430,000-square-meter site in Pangyo Techno Valley, south of Seoul, a project he believes will not only create new jobs but also serve as a major tourist attraction. There are also plans to develop areas in the Gangwon Province and the southern coast, he added.
He also stressed the importance of social responsibility, revealing his plans to set up a task force to discuss the potential role of Mirae Asset Group in the Korean society.
By Cho Si-young and Kim Hyo-jin
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]