Mirae Asset Global Investments saw executive compensation surge sharply last year alongside a jump in earnings. Analysts say the results reflect a performance-driven pay structure, particularly boosted by strong returns in the alternative investment division.
Vice Chairman Choi Chang-hun received total compensation of 5.48 billion won ($4 million) in 2025, according to filings with the Financial Supervisory Service (FSS) on Monday. Of that amount, his base salary was 831 million won while bonuses accounted for 4.62 billion won — making performance-based pay the overwhelming majority of his total package. Vice Chairman Lee Jun-yong, who oversees asset management operations, received 1.33 billion won in total compensation, comprising 831 million won in salary and 497 million won in bonuses. President Kim Young-hwan received 1.09 billion won, and Senior Vice President Kim Nam-gi received 915 million won.
The pay increases are closely tied to the company's improved earnings. Mirae Asset Global Investments posted consolidated net profit of 772 billion won in 2025, up approximately 70% from 456.1 billion won in 2024. The figure marked a sharp rebound after profit had stagnated between 2023 and 2024.
The alternative investment division drove much of the earnings growth, which in turn lifted Vice Chairman Choi's performance-based pay significantly. Mirae Asset Global Investments said Choi earned approximately 133.2 billion won in disposition performance fees through the successful sale of real estate fund assets, and that those results were factored into his bonus calculation. In September last year, the firm sold Pangyo Tech One Tower for approximately 2 trillion won. The transaction was widely regarded as a successful exit from a large-scale office asset, demonstrating the firm's capabilities in alternative investments.
The asset management business also continued to expand. Global assets under management (AUM) overseen by Vice Chairman Lee surpassed 500 trillion won last year, while global exchange-traded fund (ETF) net assets reached approximately $210 billion. However, the domestic ETF brand TIGER ETF saw its market share slip to 32.8% at end-2025 from 36.1% in 2024.
The revenue structure remained firmly centered on management fees. On a standalone basis, fee income totaled 551.3 billion won, of which collective investment scheme management fees accounted for 500.6 billion won. Selling, general and administrative expenses came to approximately 929.7 billion won, including about 17.8 billion won in advertising and promotional spending.
Mirae Asset Global Investments plans to continue its growth trajectory by focusing on global ETFs, pensions, and artificial intelligence-based wealth management services. The company is also enhancing its AI investment services and expanding its ETF product lineup, leveraging its global network.