FSS extends Mirae Asset inspection…ripples from SpaceX IPO spread
The Financial Supervisory Service extended its inspection of Mirae Asset in 6month 16day. Mirae Asset said it was considering monetary compensation for investors in the SpaceX IPO, while in the retail government bond offering during the same period, all issues except the year-term issue were undersubscribed. Hanwha became KAI’s 5th-largest shareholder, and TIGER Dividend Covered Call Active announced that it would continue special dividends in the second half of the year.2The Financial Supervisory Service is also examining Chairman Park Hyeon-joo’s remarks related to SpaceX as part of the inspection. Company internal materials and disclosure procedures are reportedly included in the scope of the inspection.
The Financial Supervisory Service extended the inspection period for Mirae Asset Securities in 6month 16day. The extension has drawn intense market attention because it is directly related to IPO allocation and investor protection issues.
The Financial Supervisory Service is examining Chairman Park Hyeon-joo’s remarks related to SpaceX as part of the inspection. Company internal materials and disclosure procedures are reportedly included in the scope of the inspection.
6month 15day, Mirae Asset Securities said it was considering monetary compensation for investors in the SpaceX IPO. The company said the compensation method and eligible recipients would be decided after further review.
In the government bond competitive bidding for individual investors, 6month 16the public offering held on day was 5only the -year bonds were fully subscribed, while all other maturities fell short. Weak demand was confirmed.
Hanwha said it had become a major shareholder of Korea Aerospace Industries (KAI). 2Hanwha also announced that it would accelerate its “Korean SpaceX” business.
Mirae Asset Global Investments announced that it would continue the special dividend for TIGER Dividend Covered Call Active in the second half of the year. It plans to maintain its dividend policy.
The related matters are currently proceeding simultaneously, including the extension of the inspection, consideration of compensation, the shortfall in bond bids, the change in the largest shareholder, and the asset manager’s announcement. The situation may change depending on the schedule of additional disclosures by the authorities and the company.