According to the company’s announcement on October 6, total assets under management (AUM) have shown remarkable growth over the past three years: from 250 trillion Won at the end of 2022 to 305 trillion Won in 2023, 378 trillion Won in 2024, and reaching 456 trillion Won as of September 2025. This represents an increase of nearly 200 trillion Won (143 billion USD) in just three years.
Rapid international expansion is cited as the primary driver of this success. Mirae Asset was the first South Korean asset management firm to venture overseas, establishing its first foreign unit in Hong Kong in 2003. Since then, under the leadership of Park Hyeon-joo, the founder and global chief strategist of Mirae Asset Financial Group, the company has expanded its operations to 16 global markets, including the United States, Canada, India, Japan, and Australia. Currently, overseas assets account for approximately 45% of total AUM, equivalent to 182 trillion Won.
The ETF business segment has also played a pivotal role in the company’s growth. Mirae Asset’s global ETF assets have reached 250 trillion Won, with an average annual growth rate of 36.8% over the past decade—nearly double the global ETF industry’s growth rate of 19.5%. Driven by the outstanding performance of its overseas ETF products, particularly in the U.S. and Hong Kong, subsidiary Mirae Asset Securities Co. reported a 83.1% surge in second-quarter operating profit to 540 billion Won.
Mirae Asset now ranks as the 12th largest ETF provider globally. Notably, Mr. Park demonstrated strategic foresight by identifying ETFs as a new growth engine in 2010, when this financial product was still largely unfamiliar to South Korean investors.
Additionally, Mirae Asset is accelerating its foray into digital finance. Last week, the company signed a memorandum of understanding with global blockchain platform Avalanche to develop blockchain-integrated financial products in jurisdictions with flexible regulatory frameworks.
By Vu Hao (Source: Korea Economic Daily)
– 14:53 06/10/2025
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