Mirae Asset Considering Indonesian Acquisition, CEO Koo Says

Mirae Asset Global Investments Co., South Korea’s second-largest money manager, is considering an acquisition of an Indonesian asset-management company to tap rising affluence in the Southeast Asian nation.

“We want to be an Asian expert,” Koo Jae Sang, Mirae Asset Global’s Chief Executive Officer, said in an interview at his Seoul office yesterday. “We’re trying to enter the Indonesian asset management industry,” Koo said, without specifying the name of a potential target and timetable.