Park Hyeon-joo
Park Hyeon-joo | |
|---|---|
| Born | October 17, 1958 Gwangju, South Korea |
| Occupation | Entrepreneur |
| Known for | Founder of Mirae Asset Financial Group, pioneer of venture capital and mutual funds in South Korea |
Park Hyeon-joo (; born October 17, 1958) is a prominent South Korean entrepreneur and the founder of Mirae Asset Financial Group. He is widely acknowledged as a pioneer in venture capital within South Korea. Often referred to as the "father of the nation's mutual fund sector," he introduced South Korea's first mutual fund in 1998.
Ranked among the country's richest individuals, Park's fortune was valued at approximately US$1.1 billion by Forbes in December 2024, placing him 31st on the national wealth list.
Biography
Originating from Gwangju, Park earned a degree in business administration from Korea University in 1983. His professional journey began at Dongyang Securities in 1986, followed by leadership roles managing branches at Dongwon Securities.
On July 18, 1997, Park, along with eight associates, established Mirae Asset Investment Advisory and Mirae Asset Global Investments, marking the creation of Korea’s first specialized asset management company. The launch of "Park Hyeon-joo No. 1" in December 1998 represented the country's pioneering mutual fund, which quickly reached full subscription. He assumed the role of chairman at Mirae Asset Group in 2001 as the firm embarked on global expansion starting in 2004.
Harvard Business School conducted a case study on Park’s leadership style at Mirae Asset in 2009. Beginning in 2010, he has allocated all dividend income to support talent cultivation and social welfare initiatives through the Mirae Asset Park Hyeon Joo Foundation.
In 2020, a Mirae Asset affiliate—91.86% owned by Park and his family—was penalized for engaging in unfair transactions that favored its owners. However, Park was not subject to criminal charges as he did not approve these dealings.
Personal life
Park is married to Kim Mi-gyeong (), and they have three children: Park Ha-min (), Park Eun-min (), and Park Jun-beom (). All three pursued their education in the United States.[1]
Awards
- Korea Management Award () (2008)[1]
- (2017)[1]
- International Executive of the Year Award, Academy of International Business (2024)[2]
- ↑ 1.0 1.1 1.2 Cite error: Invalid
<ref>tag; no text was provided for refs named:0 - ↑ "Mirae Asset moves to leap toward global top tier on recognition of leadership". The Korea Times. 2024-07-23. Retrieved 2024-12-26.