Mirae Asset Global Investments said Monday that it has surpassed 500 trillion ($338 billion) in total assets under management (AUM), a feat underpinned by competitiveness through outstanding investment strategies and continued innovation. The investment arm under Mirae Asset Financial Group manages 504 trillion won across 16 regions, including Korea, the United States, Vietnam, Brazil, the United Kingdom, India and Japan as of November. This is a steady growth since its Hong Kong subsidiary was established in 2003, when it became the first Korean asset manager to expand overseas. The November figure is nearly double from 250 trillion won at the end of 2022. The figure climbed to 305 trillion won at the end of 2023 and further to 378 trillion won at the end of 2024. The figure surpassed 400 trillion won in May, and has rapidly increased by another 100 trillion won in just six months. The firm’s overseas subsidiaries accounted for about 43 percent of its total net income for the first three quarters of this year. This was based on a strategy of prioritizing global expansion despite challen