Mirae Asset's two young vice chairmen in spotlight

Mirae Asset Global Investments Vice Chairman Choi Chang-hoon, left, and Mirae Asset Venture Investment Vice Chairman Kim Eung-suk Courtesy of Mirae Asset Financial Group

By Lee Min-hyung

Mirae Asset Financial Group has promoted two CEOs of its asset management and venture investment affiliates as its new vice chairmen, as part of its competency-based leadership reshuffle, the group said Thursday.

The two top executives are Choi Chang-hoon and Kim Eung-suk. Choi served as head of real estate at Mirae Asset Global Investments before being promoted to co-CEO and vice chairman of the company. Kim also became a vice chairman at Mirae Asset Venture Investment during the annual top management reshuffle.

Both of the new vice chairmen are in their early 50s, which Mirae Asset explained was a move for the group to speed up a generational shift in management.

Choi, 52, studied business administration at Ohio University in the United States, and received a master's degree in real estate finance at Cornell University. He started his job career at formerly Samsung Everland in 1997 and moved to Kyobo Insurance and BHP Korea before joining Mirae Asset Global Investments in 2012.

Kim, 53, is also known for being one of the close aides of Mirae Asset Financial Group Chairman Park Hyeon-joo. The leader of Mirae Asset's venture investment arm is an expert in electrical engineering, working as a researcher at LG Electronics and formerly LG Semicon. He started working at the Mirae Asset affiliate in 2002.