Mirae Asset, which already operates in 16 markets, has plans to expand further and upgrade its technology.

South Korea-based Mirae Asset Global Investments Co – aka Mirae Asset – and news and business information group Bloomberg are embarking on a “global strategic data and technology collaboration.”

The pact will enable Mirae Asset to digitally transform its business and expand. The group operates in 16 markets.

Both parties will also actively explore additional areas for collaboration, particularly in the realms of digital transformation, data solutions and innovation, a statement from Mirae Asset said yesterday.

“The growing scale of our business is in constant demand of integrated technologies and high-quality data solutions,” Young Kim, chief officer at Mirae Asset said. 

Bloomberg said the pact stems from signing its first memorandum of understanding in South Korea.