Mirae Asset Group has created a structure that enables its subsidiaries to operate effectively and efficiently while taking advantageof synergies. Having secured a widely recognized brand in Korea and in overseas markets such as Hong Kong, Mirae Asset Investment Management has utilized its excellent investment management capabilities to increase the volume of assets under management.

Mirae Asset Securities (HK) and its parent company in Korea enjoy increases both in commissions from mutual fund sales and brokerage commissions as a major distribution channel for the group. In addition, stock brokerage commissions from variable insurance products continue to grow with the launch of various insurance products by Mirae Asset Life Insurance.

The variable insurance market is still in an early stage of development in Korea, but is expected to grow rapidly in the future. At the same time, Mirae Asset Life Insurance expects brokerage commissions to expand as Mirae Asset Securities (HK) and its parent company in Korea seek to create various synergies in the investment banking business as well.