On the 30th, Chair Park Hyeon-ju of Mirae Asset Group said she would pursue a strategic shift tantamount to a "second founding" in the era of upheaval driven by artificial intelligence (AI).
In a New Year's message sent to employees that day, Park said, "We are now passing through the steepest inflection point in human history," and "The era of AI upheaval is thrusting upon us the harsh reality of 'polarization of wealth' and 'polarization of work.'"
She added, "Beyond the age when capital created wealth, 'asymmetry of productivity,' in which AI intelligence monopolizes productivity, is reaching its peak," and "Those who lose insight will be reduced to tools of AI, but those who preempt change will draw a new map of wealth."
Park said the history of capitalism has drawn new maps of wealth during such great transitions, adding, "Crisis is a threat to the unprepared, but for those of us who innovate, it is a Critical opportunity to change the game in finance."
She then laid out three core strategies tantamount to a "second founding." First, Mirae Asset Group plans to accelerate "tokenization," which breaks the boundaries of asset, and the building of a global investment network.
Park said, "Acquiring a virtual asset exchange in Korea is a preemptive decision toward the finance of the future," and "Our goal is to digitally tokenize all of the group's investment asset, spanning traditional assets, alternative assets, and virtual assets, and build a 'digital asset investment network' that connects the world tightly."
Second, she proposed combining AI capabilities with the platform. Park said the company will leap to become a "digital asset manager" by combining the accumulated AI management capabilities of Wealthspot in the United States with Mirae Asset Group's global platform.
Park said, "In this process, Global X ETFs will become a key vehicle to carry our innovative investment strategies to the world and accelerate the expansion of the network," adding, "The synergy created by Wealthspot's intelligence, the platform's consolidation, and Global X's distribution power will form the foundation of an overwhelming competitiveness that leads the global investment market landscape."
Lastly, she proposed global territory expansion and securing an overwhelming lead through reinvestment of profits.
Park said, "In the world of investment, resting means regression," adding, "The revenue we have accumulated and the funds from successful investment exits must be thrown again toward future growth engines."
She continued, "We will keenly seize every expansion opportunity, including mergers and acquisitions (M&A) and organic growth in the Chinese and European markets," and urged, "Above all, do not miss opportunities in the two global pillars of the United States and China."
She said, "We must reinvest the secured capital back into the field where animal spirits are alive to create an overwhelming gap that global competitors cannot follow."
Park concluded her New Year's message by saying, "Mirae Asset must be the first to manage risk and, at the same time, the boldest in throwing itself at opportunities," adding, "Practicing 'warm capitalism,' which creates jobs through investment and protects customers' peaceful retirement, is the way Mirae Asset has existed and the only path it must take going forward."