Mirae Asset Daewoo promotes Kim, Min to executive presidents

By Kim Bo-eun

Kim Byung-yoon

Mirae Asset Daewoo promoted Kim Byung-yoon and Min Kyung-boo to executive president positions, Wednesday.

Kim has led the brokerage's innovation team since March 2017. Min has headed the management support division since December 2019.

Kim and Min are among 66 officials at Mirae Asset Group's securities firm who have been promoted for 2021.

Mirae Asset Global Investments, the group's asset management unit, promoted 37 officials, and Mirae Asset Life Insurance promoted 17.

The group said it increased promotions for the wealth management division, which showed solid performance amid uncertainties prevailing in the COVID-19 situation. The group also stated the promotions reflected Mirae Asset's drive to offer innovative financial services.

Min Kyung-boo

"Next year, as a global investment group, we will contribute to boosting dynamism in innovative financial services in Korea and will offer customer wealth management services with a higher notch in quality,” the group stated.

Mirae Asset Group is expected to achieve record earnings in 2020. It logged 1.5 trillion won in pre-tax profit in the third quarter, which exceeds total earnings of 2019. Earnings from overseas subsidiaries accounted for close to 20 percent of the group's total earnings, showing notable growth in overseas business. As of the end of September, the group's customer assets grew by 77 trillion won from the previous year, reaching a record high of 537 trillion won.