Mirae Asset set to establish youth exchange programs
South Korean financial investment group Mirae Asset has announced a series of exchange programs including the Mirae Asset Global Leader Youth Camp and the Global Culture Exchange Program to send 300 South Korean teenagers to Shanghai in August and October to boost educational and cultural exchange.
Mirae Asset also plans to add Shenzhen in Guangdong province to its youth exchange program next January as the southern Chinese city is known as Asia’s Silicon Valley.
Mirae Asset’s long commitment to China started as economic education and cultural exchange in the mainland decades ago.
By May 2018, about 14,000 students have participated in Mirae Asset’s exchange program in Shanghai.
Founded in 1997, emerging market investor Mirae Asset currently operates in 15 countries, with a comprehensive business line including asset management, securities, and insurance business.
According to its founder, Park Hyeon-joo, what Mirae Asset brings to China is “warm capital”, returning profits to society to create a more warmhearted world, rather than just rational capital.
In past decades, Mirae Asset has endeavored to help young people gain broader knowledge and experience of other cultures through its programs.
The Mirae Asset Global Leader Youth Camp was launched in 2006. It provides young people with opportunities to experience the past, present and future of Shanghai, a global economic center. The program includes economic field trips to global and Chinese enterprises, and historical and cultural heritage sites. The program has bolstered communication between Chinese and South Korean schools and enhanced friendship among teenagers from the two nations.
The Global Culture Exchange Program was launched in 2007. It gives young people an overview of China’s economy and culture.
“The world is changing rapidly, but it must not lose its warmth. This year, we will increase the social contribution fund and the number of scholarship students at home and abroad,” Park said in his 2018 New Year’s speech.
Mirae Asset is carrying out South Korea’s largest overseas exchange scholarship program. The scholarship provides financial support for nearly 5,000 talented students who are sent to 48 countries.
Headquartered in Seoul, Mirae Asset identifies itself as an expert in emerging markets, which account for about 88 percent of its assets under management.
Mirae Asset launched its China business in 2003. The company plans to make both inbound and outbound investments through its comprehensive asset management business in China.