Mirae Asset Global Investments Co. has surpassed 400 trillion won ($288 billion) in assets under management for the first time, reaching a milestone that highlights the South Korean firm’s aggressive overseas expansion strategy over the past two decades.
The company announced Wednesday that its AUM hit 403 trillion won, with 181 trillion won—representing 45% of total assets—now managed across markets outside South Korea. This growing international footprint spans the U.S., Vietnam, Brazil, and India, according to the Seoul-based asset manager.
The achievement comes after years of cross-border acquisitions aimed at reducing Mirae’s dependence on its domestic market, where growth opportunities have been constrained by South Korea’s aging demographics and saturated financial sector.
While Mirae touts its global reach, the firm faces mounting challenges including increased regulatory scrutiny of asset managers worldwide and volatile market conditions that have tested the resilience of investment strategies across emerging markets.
Founded in 1997, Mirae has expanded from a small domestic player to become South Korea’s largest asset manager. The company began its international push in the early 2000s, gradually building presence across Asia before expanding to other continents through strategic acquisitions and partnerships.
Competitors in the region have been watching Mirae’s expansion closely as they consider similar international growth strategies to counter limited domestic opportunities.
