Chairman Park Hyun-joo has also been included in the responsibility structure of Mirae Asset Securities. As a Global Strategy Officer (GSO), he will be responsible for establishing mid- to long-term strategies for global business and identifying overseas business opportunities.
On the 3rd, Mirae Asset Securities announced that Chairman Park Hyun-joo would be in charge of establishing mid- to long-term direction related to global business as well as identifying business opportunities and managing the organization of the Global Strategy Headquarters. The responsibility structure was implemented as a system that came into effect in January of this year according to the revised Corporate Governance Act, aimed at strengthening the internal control system by clearly designating the heads of key business operations of financial companies in advance.
This announcement is the first instance in which official responsibility has been assigned to Chairman Park for global business, which he has been indirectly involved in as an advisory role until now. It has been interpreted as intending to provide a clearer direction for Mirae Asset's global expansion strategy.
Recently, Mirae Asset Securities' total assets under management (AUM) have exceeded 1000 trillion won, with assets managed by overseas corporations amounting to 272 trillion won, which corresponds to 27% of the total. Additionally, in the first half of this year, the pre-tax profit of overseas corporations was 223.8 billion won, accounting for 26% of the total. This is the highest level ever.
Meanwhile, each subsidiary of Mirae Asset maintains an independent professional management system. Chairman Park has been performing advisory duties for establishing overseas business strategies as GSO.