Mirae Asset Park Hyeon Joo Foundation
FormationMarch 28th, 2000
FounderPark Hyeon Joo
PurposeScholarship programs, social welfare, culture of sharing
HeadquartersSeoul, South Korea
President
Jang Yongseong
Composed of 7 directors and 2 auditors
Websitefoundation.miraeasset.com

Mirae Asset Park Hyeon Joo Foundation is a private foundation based in Mirae Asset Center 1 Building, Seoul, South Korea. The foundation was founded in 2000 by Hyeon Joo Park, a founder and GSO of Mirae Asset Financial Group.[1] The foundation was created as a method to give greater educational opportunities to talented students. The primary purpose of the foundation is aiding scholarship for exchange programs to college students located in South Korea.[2] Park Hyeon Joo has been donating all his dividends, paid out from his shares held in affiliates, to the foundation every year.

History

In 2000, the Mirae Asset Park Hyeon Joo Foundation was established with Byeon Hyeong Yoon as president. That same year, the Domestic Scholarship Program was initiated. In 2003, the "Book of Hope" Study Rooms Campaign was launched. In 2007, a selection of students was made for the Global Cultural Experience Group, an international exchange student program. In 2008, the "I Love You" Donation Campaign was undertaken, and in 2009 the foundation received the Seoul Mayor's Award for contributions to child welfare. In 2011, the "1% of Sharing and Hope" campaign was launched. In 2012, Lee Gi Su was appointed as the foundation's 2nd president and the Mirae Asset grant matching program was started. In 2013, the foundation organized "Full of Hope," a book donation drive. In 2014, the foundation was appointed as a "sound non-profit organization," and implemented a youth financial career training program. In 2016, the foundation commenced the "Youth Vision Project", a series of reading workshops and programs. In 2018, Chung-un Chan was appointed the foundation's 3rd president and the number of students receiving benefits from the foundation's scholarship program reached 8,000. The foundation received an award from the Minister of Health and Welfare for supporting local children's centers that same year. In 2022, Jang Yong Seong was appointed the foundation's 4th president. The number of participants in the foundation's "talent fostering programs" reached 400,000 in 2023.

Major Programs

Under the vision that ‘Mirae Asset will be the hope of the youth’, Mirae Asset operates programs primarily aiming at scholarships, social welfare and culture of sharing. Through scholarships and social welfare programs, the number of participants in nurturing talents has reached 430,000 (as of Nov 2023).

Global Exchange Scholarship Program[3]

As being the largest overseas exchange student scholarship program in Korea, the foundation supports 500 students annually with their academic expenses. Undergraduate students who have met the criteria of the foundation’s assessments in grades and their financial status of their 4-year university courses, are selected as the exchange students, which have accumulated to 6,963 students.

Global Cultural Experience Program[4]

The foundation has been supporting children and youth on 3 nights and 4 day camping excursions to China in order to broaden their knowledge and perspective to ultimately set up their lifetime goal. This program supports students to experience various cultures with different nationalities through traveling. The global cultural exchange program includes experiencing daily local life, understanding their history and visiting information technology sites. The program is provided biannually to 100 participants at a time reaching 1,968.

Book Donation “My Own Dream Library”

The foundation encourages children to discover the fun and value of reading by helping them curate their own personal libraries. The foundation provides children with My Own Dream Library kits (bookshelves, a small individual sign, individual recommended books considering each student’s living conditions, interests and the level of reading, etc.) setting them on a journey of discovery through books. The program provided a total of 2,701 people, about 900 at a time (since 2021).

Youth Vision Project

The foundation offers ‘Make Experience Program’ to facilitate young teenagers to enhance their flexible and creative thinking skill in this disruptive era. The curriculum supports each participant to engage in the entire process of problem-solving from planning, designing, producing to implementing by utilizing coding, 3D printing, and robotic technologies based on ‘Design Thinking’ process, which is a creative problem-solving methodology.

Culture of Sharing

The foundation supports various programs through interactive collaboration with Mirae Asset subsidiaries, and its executives and employees. They may take part in donations through diverse ways. In turn, each subsidiary contributes the matching amount of the donations made by its executives and employees to the foundation to support the program.

  • Mirae Asset 1% Hope Sharing Campaign: executives of Mirae Asset donate 1% of their monthly salary[5]
  • Periodical Donation 'I Love You' Campaign: employees of Mirae Asset participate in one-time donations to commemorate special occasions in addition to periodic donations[6]
  • Matching Grant Campaign of subsidiaries: 1:1 Matching Grant Campaign where the company donates the matching amount of donations made by executive or employees of subsidiaries[7]
  • Entire Dividend Donation by Park Hyeon Joo (Founder and Mirae Asset GSO): Park Hyeon Joo established the foundation with his own wealth worth of KRW 7.5 billion in 2000. He has been donating the entire dividends to the foundation for the young talents of Korea since 2010.[8]

Awards

  • 2009 Mayor of Seoul Award, Children and Welfare Sector
  • 2016 Kyunghyang Finance Education, Chief of Financial Services Commission Award[9]
  • 2018 Minister of Health and Welfare Award, Regional Children’s Center Support Sector[10]
  • 2019 KCCI (Korea Chamber of Commerce and Industry) Forbes CSR Award, Children and Youth Welfare Sector[11]

Reception

The foundation received a perfect score in transparency and financial stability evaluation for non-profit foundations according to Guide Star Korea, based on its performance at the end of 2016 and 2017.[12]

References

  1. ↑ "Hyeon Joo Park - Wealth-X Dossier". Wealth-X. Retrieved 2019-05-20.
  2. ↑ "Scholarship for Exchange Program: Mirae Asset Park Hyeon Joo Foundation". EducationUSA. 2018-01-18. Retrieved 2019-05-20.
  3. ↑ "장학생 육성하려 9년간 '총 232억원' 기부한 박현주 미래에셋 회장의 진심". 인사이트 (in Korean). Retrieved 2019-05-20.
  4. ↑ "Park Hyeon Joo Foundation of Mirae Asset Starts Global Talent Training Program". 비즈니스코리아 - BusinessKorea (in Korean). 2015-01-09. Retrieved 2019-05-20.
  5. ↑ "미래에셋대우, 실적감소에도 기부 '큰 손'...박현주 회장 '경영철학' 영향". www.ceoscoredaily.com (in Korean). Retrieved 2019-05-20.
  6. ↑ "미래에셋 박현주 회장, "사회환원 위해 미래 인재에 투자"". 베이비타임즈 (in Korean). 2018-10-17. Retrieved 2019-05-20.
  7. ↑ "[라미의 재벌만사]미래에셋, '배려있는 자본주의' 인재육성부터 시작". 파이낸셜투데이 (in Korean). 2018-11-23. Retrieved 2019-05-20.
  8. ↑ "Mirae Asset founder donates dividends for nine years". koreatimes. 2019-04-04. Retrieved 2019-05-20.
  9. ↑ 수정: 2016.12.15 23:47, 입력: 2016 12 15 19:05 (2016-12-15). "경향금융교육대상 미래에셋박현주재단·박종건씨 등 수상". biz.khan.co.kr (in Korean). Retrieved 2019-05-20.{{cite web}}: CS1 maint: numeric names: authors list (link)
  10. ↑ "미래에셋박현주재단, 보건복지부 장관 표창 수상". hankyung.com (in Korean). 2019-01-09. Retrieved 2019-05-20.
  11. ↑ "[2019 대한상공회의소·포브스 사회공헌대상] 미래에셋박현주재단". 중앙시사매거진. 2019-03-23. Retrieved 2019-05-20.
  12. ↑ "박현주 미래에셋금융그룹 회장의 네트워크". 미디어SR (in Korean). 2019-05-03. Retrieved 2019-05-20.
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