South Korea’s Mirae Asset, SCIC undertake joint ventureMirae Asset Management on Monday signed a joint venture agreement with an investment arm of Viet Nam’s State Capital Investment Corporation (SCIC) to form a management fund. — Photo theinvestor.co.krThe asset management unit of Mirae Asset Financial Group is the first South Korean asset management company to form a legal entity in Viet Nam instead of opening a branch to acquire stakes in local companies. We will actively cooperate with SCIC by sharing our know-how in the global market,” Mirae Asset Financial Group’s chairman Park Hyeon-joo said in a statement. It opened its first office in Viet Nam in 2006, delivering market research and asset management services to South Korean clients. In April last year, its venture capital arm, Mirae Asset Venture, led an undisclosed Series C fundraising round for Vietnamese games start-up Appota, along with Korea Investment Partners.