Mirae Asset Management will make an additional 50 billion won capital injection into its affiliate unit Mirae Asset Life Insurance. It is a strategic investment to strengthen its governance structure and expand financial synergies within the group.

Mirae Asset Management said on the day it decided on an additional 50 billion won investment in Mirae Asset Life common shares and disclosed it on May 19.

The investment is a follow-up after the company completed execution of funds it disclosed on March 13. The additional investment will be carried out in stages through on-exchange purchases from May to December 2026.

Mirae Asset Management decided on the investment after judging Mirae Asset Life shares to be undervalued relative to intrinsic value. It aims to support a re-rating of the key subsidiary's corporate value and to stabilise management control.

Through the additional investment, it plans to further strengthen its control over Mirae Asset Life and support the group's long-term growth strategy.

A Mirae Asset Management official said, "We judged the current share price to be undervalued even though Mirae Asset Life is a core, high-quality subsidiary." The official added, "This additional investment was a strategic decision taken as an opportunity to strengthen governance and stabilise management control."