Mirae Asset Financial Group
Mirae Asset Financial Group () is a financial services group headquartered in Seoul, South Korea. Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the very first mutual funds to Korean retail investors in 1998. On a global consolidated basis, total group’s client assets exceed US$550 billion (as of December, 2020). Mirae Asset has global presence in Australia, Brazil, Canada, Mainland China, Hong Kong, Colombia, India, Indonesia, Japan, Korea, Mongolia, Singapore, the United Kingdom, United States  and Vietnam. Harvard Business School selected Mirae Asset Financial Group as its first Asian financial company case study in 2010, under the title “Mirae Asset: Korea’s Mutual Fund Pioneer". Seoul National University also selected Mirae Asset Financial Group as one of their case studies, "Mirae Asset: A Disruptive Innovator in the Korean Financial Industry", which is listed by The Case Centre case method clearinghouse. History. Foundation of Mirae Asset Financial Group. Park Hyeon-Joo founded Mirae Asset Global Investments and Mirae Asset Capital in June 1997. Within 6 months after the foundation, Mirae Asset suffered from 1997 financial crisis  of South Korea, however, showed a tremendous investment performance by believing in South Korea's economy to rebound with contrary investment insights where Park is notable for his adherence to long-term and value investing. In December 1998, Park launched the first retail mutual fund, “Park Hyeon Joo No.1” in South Korea and The Journal of Investment & Pension described that this fund was a great success. Mergers and acquisitions of Mirae Asset Financial Group. Park has grown Mirae Asset Financial Group into an independent financial conglomerate in South Korea by successfully acquiring a number of financial companies with his contrary  investment philosophy and insights. Global expansion and presence of Mirae Asset Financial Group. Founder Park always has in mind to expand the business globally since the early stage, and is regarded as a global forerunner in South Korean financial industry. Key Affiliates. Mirae Asset Global Investments Mirae Asset Global Investments is the leading asset management company in South Korea. Subsidiaries: Mirae Asset Securities Mirae Asset Securities offers services including brokerage service, wealth management, investment banking, and sales & trading. It is listed on KOSPI. Mirae Asset Life Insurance Mirae Asset Life Insurance offers life insurance, investment-linked insurance, financial consulting and  retirement planning services. It is listed on KOSPI since July 2015. Mirae Asset Venture Investment Mirae Asset Venture Investment Co., Ltd. is a venture capital and private equity company specializing in investment of venture businesses with potential for growth, incubation, buyouts, and cross-border investments. It has been listed on KOSDAQ since March 2019.