Jung Sang-ik, chairman of Mplus Asset Management, presented a vision to "achieve assets under management (AUM) of 10 trillion won and operating profit of more than 30 billion won by 2030, growing into a leading Korean asset manager."
Jung made the remarks at a vision declaration ceremony held Friday at the Military Mutual Aid Association building in Gangnam-gu, Seoul. "We will realize sustainable growth based on the trust the Military Mutual Aid Association has accumulated over a long period and the expertise of Mplus Asset Management," he said. The goals mark the first management targets disclosed since the reorganization was completed in April, when J Plus Partners (formerly Apex Investment) became the largest shareholder and the Military Mutual Aid Association remained the second-largest shareholder.
The event was arranged to share future growth strategy and core values, marking the launch of a joint management system with the Military Mutual Aid Association. About 200 people attended, including Military Mutual Aid Association executives and staff, key figures from financial institutions and industry, and Mplus Asset Management employees. Mplus Asset Management presented its core values for growth as trust-based partnership, maximizing expertise and synergy, customer-centered value creation, and shared growth that opens the future. The company aspires to focus on expansion, starting with achieving AUM of 2 trillion won and operating profit of 3 billion won this year.
Mplus Asset Management also plans to focus on advancing its organizational and management systems, strengthening its risk management framework, securing and developing key talent, expanding strategic partnerships, and enhancing the competitiveness of its products and services. In addition, the company will launch a 150 billion won blind fund next month. Jung Jae-kwan, chairman of the Military Mutual Aid Association, said, "We expect Mplus Asset Management to grow continuously based on trust together with the Military Mutual Aid Association and develop into an asset manager recognized by customers and the market."
