South Korea's Mirae Asset to invest $72 million in Space X in January 2023 -source

Mirae Asset Group to invest $72 million in Space X in January 2023
Mirae Asset Group to invest $72 million in Space X in January 2023 Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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(This Dec.23 story has been corrected to show that the South Korean firms did not disclose investment in July or December filings and changes attribution of the target)

- South Korea's Mirae Asset Financial Group affiliates plan to invest a total of 93 billion won ($72.43 million) in Space X in January 2023, a person with knowledge of the matter told Reuters on Friday.

Mirae Asset Securities Co Ltd and Mirae Asset Capital Co Ltd will invest 88.5 billion won and 4.5 billion won in Elon Musk's rocket and satellite company, respectively, the person said, declining to be identified due to the sensitivity of the matter.

The South Korean companies in regulatory filings said they would invest a total of 93 billion won without detailing the target of that investment and making no mention of Space X.

Mirae Asset Financial Group declined to comment on the target.

Separately, Mirae Asset Securities made an investment of 116 billion won in Space X through its fund in July, the person also said.

In October, Mirae Asset Financial Group was planning to commit about 300 billion won to help finance Elon Musk's Twitter deal.

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