Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.
Mirae Asset Securities names new chairman
Mirae Asset Securities Chairman Choi Hyun-man / Courtesy of Mirae Asset Securities
By Lee Min-hyung
By Lee Min-hyung
Mirae Asset Securities promoted former Vice Chairman Choi Hyun-man to chairman in a year-end reshuffle of top management, the company said Monday.
Choi is a founding member of Mirae Asset Group along with Chairman Park Hyeon-joo, and played a pivotal role in developing the company for more than 25 years.
He has led the group's other key affiliates, including securities, asset management and life insurance.
Mirae Asset Securities is one of the nation's top brokerage houses, setting a record operating profit of 1 trillion won in 2020 for the first time among securities firms here.
The company was established in December 1999 and has achieved outstanding growth for the past two decades, expanding its presence not just in the home market, but overseas capital markets.
“Chairman Choi has contributed a lot to developing the company as the nation's leading investment firm,” an official from the company said.
The latest promotion reflected on Park's strong willingness to foster a group-wide dynamic corporate culture by empowering each of the leaders of its affiliates, according to Mirae Asset.
“Any leader of the other affiliates can be promoted to chairman down the road,” the official said.