Korean Asset Managers compete to secure technological capabilities in ETF landscape

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Two largest asset managers in Korea, Mirae Asset Global Investements and Samsung Asset Management, are competing to secure technological capabilities in the ETF industry. As ETF-managed-portfolios (EMP) are attracting lots of attentions from the market, the big two are collaborating and investing in the FinTech startups who have already developed appropriate technologies to advise and manage these portfolios. Mirae Asset acquired approximately 20% stake in Qraft Technologies and also established a research institution with Qraft and Korea University.

Hyungsik Kim