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[Alpha Biz=(Chicago) Reporter Kim Jisun] Choi Hyun-man, chairman of Mirae Asset Securities Co., expressed his willingness to continue to invest in blue-chip assets despite sluggish real estate investment markets at home and abroad. It also said it will focus on targeting the potential growth of the pension market at 1,100 trillion won.
"Uncertainties in the global real estate market are expected to continue for the time being. In the case of overseas investment, we are also keeping an eye on volatility and considering selective investment in blue-chip assets," said Choi, who attended an investment briefing held at the Royal Lancaster London Hotel on the 13th (local time).
"The perfect prediction is impossible, but in the case of the overseas real estate market, I think there should be a process to endure for about a year or two," Chairman Choi said. "However, I heard that major agencies (despite the market contraction) are still exploring key real estate in the U.K. and other countries."
The joint IR overseas was conducted for major global financial firms located in London, with local financial firms such as Mirae Asset Securities and NH Investment & Securities participating. More than 80 large global investment institutions, including BlackRock, Blackstone, BNP Paribas, Hong Kong Shanghai Bank (HSBC), JP Morgan, Morgan Stanley, Rothschild, Schroder, Societe Generale (SG) and UBS, attended.
In particular, Mirae Asset Securities is considered one of the securities firms with active overseas real estate investment. Due to the contraction of the global real estate market, Mirae Asset Securities recorded an overseas real estate valuation loss of about 50 billion won in the second quarter.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
