Mirae Asset Global Investments Signs MOU to Enhance University Fund Asset Management System

Mirae Asset Global Investments, which has experience managing large national funds, is set to enhance the asset management system for university funds at Korea National Open University.

Byungseong Lee, Head of OCIO Division at Mirae Asset Global Investments (left), and Joungoh Kim, President of Korea National Open University, are taking a commemorative photo at the signing ceremony for the mutual cooperation agreement. Provided by Mirae Asset Global Investments

On September 3, Mirae Asset Global Investments announced that it had signed a memorandum of understanding (MOU) with Korea National Open University. The agreement aims to ensure the stable and efficient management of university funds and to advance the university's asset management system.

The signing ceremony was held on September 2 in the smart conference room of Korea National Open University, attended by Byungsung Lee, Head of OCIO Division at Mirae Asset Global Investments, Joungoh Kim, President of Korea National Open University, and officials from both institutions.

Through this agreement, the two organizations will cooperate in various areas, including: establishing investment principles and management directions for systematic and efficient operation of university funds; information sharing and education to improve the efficiency and expertise of fund management; and support for establishing Strategic Asset Allocation (SAA) that considers mid- to long-term investment goals and risk levels.

Mirae Asset Global Investments has solidified its leading position in Korea's Outsourced Chief Investment Officer (OCIO) market, ranking first in both the re-selection evaluation for chief manager of the Ministry of Economy and Finance's pension fund investment pool last year and this year's evaluation for the exclusive management of the Housing and Urban Fund. Leveraging experience accumulated through managing and advising various institutional funds, including national funds, public institutions, and university funds, the company supports institutional investors in their long-term asset management.

Byungsung Lee, Head of OCIO Division at Mirae Asset Global Investments, stated, "Based on the OCIO expertise we have developed through managing and advising on diverse institutional funds such as the Ministry of Economy and Finance's pension fund investment pool, the Ministry of Land, Infrastructure and Transport's Housing and Urban Fund, and the POSTECH educational foundation, we plan to actively support the advancement of the asset management system at Korea National Open University, a national university. We aim to become a trusted partner that provides long-term investment principles to enhance the stability and profitability of university funds."

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