[Alpha Biz=(Chicago) Reporter Kim Jisun] It was confirmed on the 11th that he disposed of his stake in Mirae Asset Management held by former Mirae Asset Securities Chairman Choi Hyun-man, who stepped down from the front line during a personnel reshuffle in October, to Mirae Asset Group Chairman Park Hyun-joo's family company for about 45 billion won.

According to the financial investment industry, Mirae Asset Consulting decided to acquire 355,911 Mirae Asset Management shares of three individual shareholders, including former chairman Choi, for 152,345 won per share at a board meeting held on the 20th of last month.

In the process, Choi disposed of his 2.17 percent (295,055 shares) stake in Mirae Asset Asset Management, securing about 44.95 billion won.

Mirae Asset Consulting is a company with a 48% and 10% stake in Chairman Park and his wife Kim Mi-kyung, respectively. The acquisition raised the stake in Mirae Asset Asset Management to 36.92%.

Choi has been a leading contributor to the start-up of Mirae Asset Group, which started with 10 billion won in venture capital in 1997, and has been the driving force behind its growth into the nation's No. 1 financial investment company with 11 trillion won in equity capital in 26 years.

In October, he stepped down from the front line and was appointed as an advisor along with members of Mirae Asset's start-up, including Vice Chairman Cho Woong-ki and Mirae Asset Asset Management Vice Chairman Choi Kyung-joo.

 

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