South Korea's Mirae Asset Financial Group plans to enter the Japanese market by the end of the year and expand its business in China and India, The Korea Herald reported March 26, citing a letter from its founder Park Hyeon-joo to employees.
Park stepped down as chairman of the group in 2018 to focus on the group's global expansion. Later, he assumed the role of chairman and global investment strategy officer of Mirae Asset Daewoo Hong Kong, a center point of Mirae Asset Daewoo Co. Ltd.'s global operations.
Park added that the group expects its overseas operations to contribute a pretax profit of 70 billion won for the first quarter.
As of March 25, US$1 was equivalent to 1,132.36 South Korean won.