Early Life
Park Hyeon-joo was born on October 17, 1958, in Gwangju, South Korea. He graduated from Gwangju Jeil High School and earned a bachelor's degree in business administration from Korea University in 1983. His early interest in finance and the capital market led him to pursue a career in the industry.
Rise to Success
Park began his career in 1986 at Dongyang Securities. He later became a branch manager at Dongwon Securities, quickly rising through the ranks. In 1997, he co-founded Mirae Asset Investment Advisory and Mirae Asset Global Investments. In December 1998, Park launched South Korea's first mutual fund, which was a significant success. In 2001, he became the chairman of Mirae Asset Group. The company expanded internationally, beginning in 2004.
Key Business Strategies
Park's success stems from his commitment to asset management, focusing on increasing the wealth of his customers. His strategies included launching innovative financial products, such as mutual funds, and expanding the business globally. Park also focused on aggressive mergers and acquisitions to grow his company, acquiring various companies domestically and internationally. He has also invested in emerging markets, establishing a global presence in over 19 markets.
Philanthropy
Park established the Mirae Asset Park Hyeon Joo Foundation in 2000, donating his dividends to support youth development and scholarships. He has stated his commitment to becoming a great giver, not just the richest person. The foundation supports numerous initiatives, including scholarships, youth vision projects, and global cultural exchange programs.