Mirae Asset Life Insurance Finalizes 123.9 Billion KRW Investment in Affiliate Fund – Aim to Boost Asset Returns, No Shareholder Dilution

Mirae Asset Life Insurance finalized its investment of 123.9 billion KRW in the Mirae Asset APEX General Private Investment Trust managed by its affiliate Mirae Asset Asset Management, and disclosed the correction on June 26, 2026.
The initial investment of 203.8 billion KRW was reduced after unused funds were refunded, with a final investment period from June 9, 2026 to June 9, 2030. The purpose is to enhance asset management returns, which is expected to benefit policyholders and shareholders.
This investment uses existing cash reserves, not new equity, so no shareholder dilution occurs. The board resolution was passed with all outside directors present, demonstrating compliance with governance standards for related-party transactions.
[AI Summary]Mirae Asset Life Insurance's 123.9 billion KRW investment in an affiliate fund does not involve new share issuance, thus no dilution risk. As the purpose is to enhance asset management returns, it represents productive capital allocation strengthening the insurer's core competency. Despite being a related-party transaction, board approval with outside director attendance limits governance risk.