The chairman of Mirae Asset Group, Park, disclosed that M&A with a Japanese securities company would be announced on the 29th. He suggested that the acquisition of a mainland Chinese financial company could be completed by year-end, indicating an expansion of overseas operations.
Mirae Asset Group Chairman Park Hyeon-joo (朴賢柱) said that the company would announce on the 29th a merger or acquisition of an Asian securities company with operations in Japan. After his speech, he corrected the board meeting date to the 29th; the details and specific terms of the transaction have not been disclosed.
Regarding the M&A of a financial company being pursued in mainland China, he indicated that completion by year-end was possible. The target company's name and the terms were not provided, but he emphasized the expansion of overseas operations.
Chairman Park identified the United States and China as future acquisition markets and indicated a policy of continuing M&A targeting companies with economic scale exceeding that of South Korea. The expansion of overseas operations remains a priority.
At the speech, he said that the AI industry was still in its early stages, while expressing a negative view of the argument that semiconductors had peaked. He said the AI revolution was ongoing and that the market was expected to expand despite supply constraints.
He took a negative stance toward leveraged ETFs, saying that high-multiple products should be approached cautiously from the standpoint of investor protection.