Mirae Asset Financial Group Chairman Park Hyeon-joo will donate the entirety of his 2024 dividend from Mirae Asset Global Investments, the group announced Wednesday.

Since 2010, Park has donated all dividends received from the group's asset management arm for 15 consecutive years. This year’s donation amounts to 1.6 billion won ($1.07 million), bringing the cumulative total to approximately 33.1 billion won. The initiative was first announced in 2008, with Park pledging to use all dividends to support young people.

The funds will be used for scholarships and youth development programs through Mirae Asset’s public foundations. The Mirae Asset Park Hyeon Joo Foundation and the Mirae Asset Hope Foundation have supported a wide range of initiatives, including global cultural exchange programs, youth vision projects, and both domestic and international scholarships. As of the end of 2024, the foundations’ total cumulative social contributions have surpassed 106.9 billion won.

Park has long emphasized his commitment to becoming “the greatest giver, not the richest person” and continues to lead philanthropic efforts, particularly in the fields of science, technology and youth education.

“Mirae Asset practices warm capitalism rooted in consideration and giving back,” said a Mirae Asset official. “We will continue to promote a culture of sharing and contribute to the communities we serve.”

By Chung Hye-lim (hyelimchung@heraldcorp.com)