S Korea's Mirae Asset, Vietnam's SCIC launch joint venture

S Korea's Mirae Asset, Vietnam's SCIC launch joint venture

Visual from Mirae Asset's website

Mirae Asset Global Investments, the asset management unit of South Korea’s Mirae Asset Financial Group, has inked a joint venture agreement with a subsidiary of Vietnam’s sovereign wealth fund State Capital Investment Corporation (SCIC).

According to a statement, the South Korean asset manager will acquire a full stake in Tin Phat Management Fund Joint Stock Company and issue shares worth about 30 per cent of its total holding to a SCIC subsidiary to form a joint venture.

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