Mirae Asset Chairman Criticizes Trump, Questions Shareholder Return Impact on Tech Giants

Park Hyun-joo, the chairman of Mirae Asset Group and its Global Strategy Officer, has voiced strong criticism of former U.S. President Donald Trump, describing his actions as "vicious." Park made these remarks during a dinner with employees of Korbit, the operator of a virtual asset exchange recently acquired by Mirae Asset.

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Trump is vicious… If we had paid out a lot in dividends, would Sam-sung Electronics and SK Hynix have emerged?

During the gathering in Seoul, Park addressed a range of pressing economic issues, including real estate, virtual assets, and shareholder return policies. He asserted that the era of profiting excessively from real estate should end for the benefit of younger generations, suggesting that such a shift would allow them to experience greater social welfare. Park also commented on recent government tax policies, deeming them significant and expressing optimism about their potential to resolve housing issues.

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The era of making money from real estate must end. It must end for everyone. Only then can the younger generation live feeling the welfare.

Furthermore, Park dismissed the notion that the stock prices of major South Korean tech companies like Samsung Electronics and SK Hynix are declining due to inadequate shareholder returns. He characterized such arguments as "absurd," implying that other factors are more influential. His comments suggest a belief that a company's success and market valuation are not solely dependent on dividend payouts, but rather on broader strategic and market dynamics.

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I think it's no joke. I believe the housing problem can be resolved now.