Mirae Asset Financial Group Archives

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 [...]

Korean Asset Managers All Smiles in Cash-rich Situation

SEOUL, July 22 (Korea Bizwire) — South Korea’s asset management firms have seen an influx of money this year as their indirect investment vehicles enjoy popularity amid the low interest rate environment, data showed Wednesday. The combined assets under management by local firms reached 812.87 trillion won (US$704.1 billion) as of Friday, up 18.9 percent [...]