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Mirae Asset Securities Expands Tokenized Securities Initiative with Studio Genius and Solaire Partners

SEOUL, Sept. 7 (Korea Bizwire) —Mirae Asset Securities announced on Wednesday the inclusion of two prominent entities, Studio Genius, a domestic content production company, and Solaire Partners, an investment firm, in the Security Token Working Group. This collaborative effort aims to advance the commercialization of tokenized securities linked to film and drama investment ventures. Studio [...]

Mirae Asset Global Investments Buys Logistics Center in India

SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s leading asset manager Mirae Asset Global Investments Co. said Thursday it has purchased a logistics center near India’s financial hub of Mumbai in the latest move to expand its portfolio in one of the world’s fastest growing economies. Earlier this month, the firm’s Indian unit, Mirae Asset [...]

Corporate Watchdog Probing Mirae Asset Group over Inside Transactions

SEOUL, Dec. 15 (Korea Bizwire) – South Korea’s corporate watchdog is looking into whether Mirae Asset Group, a major financial service provider, is violating regulations over inside transactions among its affiliates, industry sources said Friday. The current law forbids inter-affiliate trading within a business group where the controlling family holds more than 30 percent of [...]

Mirae Asset to Inject 1 Tln Won into South Sea Resort Complex

SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s asset managing giant Mirae Asset Financial Group said Monday that it will invest about 1 trillion won (US$827 million) into building a luxury resort complex on the country’s southwest coast by 2029. In August 2016, a consortium led by the financial group was selected as a preferred [...]

Transwestern Investment Group, Seoul-Based Mirae Acquire 2.2 MSF State Farm Campus in Sale-Leaseback

DALLAS, Oct. 31 (Korea Bizwire) – Corporate Properties Trust I LP, a partnership of Transwestern Investment Group and Mirae Asset Global Investments Co, has closed on the acquisition of a 2.2 million-square-foot, mixed-use project in a sale-leaseback with State Farm Auto Insurance Co. The partnership acquired the four primary office/retail towers, with connected structured parking garages, [...]

$900 Million Yeosu Investment to Develop Region into Future Tourism Hub

YEOSU, Aug. 11 (Korea Bizwire) – Korea’s leading financial services group, Mirae Asset Group, has formed a consortium with Britain’s Castlepines Corporation, an international equity fund, to invest 1 trillion won ($911 billion) to acquiring Gyeongdo Island, off the coast of Yeosu, and develop it into a next generation tourism hub in Korea. In this 70-30 investment [...]

Mirae Asset Nixes Plan for Hyundai Securities Takeover

SEOUL, March 23 (Korea Bizwire) – South Korea’s top asset manager Mirae Asset Financial Group said Wednesday it will not bid for Hyundai Securities Co. to focus on completing its latest takeover deal, leaving KB Financial Group and Korea Investment Holdings Co. as strong candidates in the final auction scheduled for this Friday. Mirae Asset has [...]

Mirae Asset Likely to Join Hyundai Securities M&A

SEOUL, March 21 (Korea Bizwire) - Mirae Asset Securities Co. is considering joining a bid to take over Hyundai Securities, industry sources said Sunday. Emboldened by the acquisition of Daewoo Securities from Korea Development Bank, Mirae may join hands with LK Investment Partners, a local private equity fund (PEF). If realized, it would jolt the competition that has [...]

Mirae Asset Picked as Preferred Bidder for Daewoo Securities

SEOUL, Dec. 24 (Korea Bizwire) – Mirae Asset Group, one of South Korea’s leading asset managers, has been picked as the preferred bidder to take over the country’s second-largest brokerage house Daewoo Securities Co., its main creditor said Thursday. The deal is expected to change the landscape of the brokerage industry as the deal will [...]