Mirae Asset chief donates dividends from asset management arm

The Korea Times

The Korea Times

Finance

Sun, December 3, 2023 | 19:34

Companies

Mirae Asset chief donates dividends from asset management arm

Posted : 2023-04-10 15:28

Updated : 2023-04-11 13:30

Mirae Asset Financial Group founder and Chairman Park Hyeon-joo / Courtesy of Mirae Asset Financial Group

By Lee Min-hyung

Mirae Asset Financial Group Chairman Park Hyeon-joo on Monday donated all the dividends ― 1.6 billion won ($1.21 million) worth ― he received from the group's asset management arm, Mirae Asset Global Investments.

Park has continued the donation campaign since 2010 when he pledged to put all his dividends received from the company toward the younger generations. The total donated capital over the past 13 years amounts to 29.8 billion won.

This donation will be used for training and social welfare programs ― led by Mirae Asset Park Hyeon Joo Foundation and Mirae Asset Hope Foundation. The former was established in 2000 with Park's donation worth 7.5 billion won and has since focused on running a series of social campaigns for human resource development here.

Park is also taking on the role of the group's global strategy officer, driving diverse corporate social responsibility (CSR) activities for young people. One representative program is Mirae Asset's overseas scholarship program targeting college students in Korea. Since 2007, more than 6,400 students here have benefited from the scholarship program as of the end of March.

The company also runs a variety of finance education programs for elementary school students across the nation.

Aside from the education-based CSR campaign, the company is widening efforts to fulfill social responsibilities for regional communities by making donations to those suffering from the aftermath of national disasters. The group donated 500 million won to help victims of forest fires near the nation's eastern coast in March 2022.

"Mirae Asset has supported more than 400,000 people here under close cooperation with the foundations," a spokesman at the company said. "We will keep giving back what we have gained to society and customers and stand at the forefront in driving a culture of sharing."

mhlee@koreatimes.co.kr

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