Mirae Asset chair donates dividends for the 10th year

Park Hyeon-joo, chairman of Mirae Asset Financial Group, will donate his dividends for the 10th consecutive year, taking the cumulative total to 25 billion won ($20 million).

In 2019, Park received a total of 1.7 trillion won from Mirae Asset Global Investments and Mirae Asset Capital. This is the first time the chairman has received a dividend from Mirae Asset Capital. At the general meeting of the two companies on Monday, Park said he will donate the entire amount.

Park Hyeon-joo

Since 2001, Park’s donations have been made through the Mirae Asset Park Hyeon Joo Foundation, which focuses on supporting Korean students in Korea and overseas, as well as running social welfare programs. The foundation was founded in 2000, with Park contributing 7.5 billion won.

The foundation selects 700 Korean students every year who are studying abroad to fund their education and living expenses. Since 2007, when the scholarship program began, the foundation has supported 5,817 students in 50 countries. It funded nearly 3,500 promising students in Korea as well. Its social welfare program includes a cultural experience program, where the foundation funds overseas trips for Korean students.

BY JIN EUN-SOO [jin.eunsoo@joongang.co.kr]