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Mirae Asset Chairman Park Hyun-joo Targets 150 Trillion Won in Digital Assets via DigitalX
yonhap_finance · 2026-08-26
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Mirae Asset Group Chairman Park Hyun-joo plans a massive capital injection into crypto exchange DigitalX, aiming to build a 150 trillion won digital asset platform.
What Happened
Digital Asset Expansion: Mirae Asset Group Chairman Park Hyun-joo announced plans to further capitalize the crypto exchange DigitalX with an additional 200-300 billion won following an initial 50 billion won injection. He aims to transform the platform into a major hub, targeting 150 trillion won in digital assets under management.
Views on Crypto Markets: Park criticized the reckless listing of altcoins and speculative trading, warning that such activities often lead to financial ruin for retail investors. While skeptical of domestic stablecoins, he acknowledged the potential of dollar-pegged stablecoins and expects big tech firms to eventually dominate the blockchain payment sector.
Corporate Strategy and Market Views: Addressing criticisms regarding Samsung Electronics' dividend policy, Park argued that prioritizing reinvestment over dividends is crucial for long-term corporate growth. He also dismissed claims that domestic factors drive market volatility, pointing instead to the influence of foreign-managed leverage ETFs.
Economic Outlook and Policy: Park advocated for the end of speculative real estate investment, suggesting that higher property taxes could help resolve housing issues. Regarding geopolitical risks, he emphasized that South Korea’s semiconductor industry remains indispensable to global tech giants like Nvidia, providing the nation with significant strategic leverage.