Mirae Asset chairman donates dividends for 10th year

By Kim Bo-eun

Mirae Asset Financial Group Chairman Park Hyeon-joo

Mirae Asset Financial Group's Chairman Park Hyeon-joo has decided to donate share dividends for the 10th consecutive year.

The group said Monday, Park will donate dividends he will receive from Mirae Asset Global Investments and Mirae Asset Capital for 2019.

Park will donate 1.7 billion won ($1.39 million) this year, which will bring total accumulated donations to 25 billion won.

Park has donated dividends from Mirae Asset Global Investments since 2010. This year, he is receiving dividends from Mirae Asset Capital for the first time, and is donating the entire amount.

The funds have been donated to the Park Hyeon-joo Foundation, to be used for fostering talent, as well as social welfare projects.

Since 2007, the foundation has been sending 700 promising students every year on overseas exchange programs, funding tuition and living expenses.

It is the country's largest overseas exchange scholarship program. The foundation has sent 5,817 students to 50 countries over the years.

The foundation is also offering students opportunities to take part in overseas learning programs and runs classes teaching students and their family members about the economy.

Park set up the foundation in 2000 from personal funds amounting to 7.5 billion won.

Marking its 20th anniversary this year, the foundation is seeking to spread a culture of sharing, as a means to practice inclusive capitalism.