Mirae Asset Securities under pressure for funding screenings of controversial film after leveraged ETF row
Mirae Asset Securities is facing scrutiny over its sponsorship of group screenings of “The Assassin(s)” for employees of public institutions, adding to pressure on the brokerage amid controversies over a failed SpaceX stock allocation and single-stock leveraged investment products ahead of the National Assembly’s annual audit slated for later this month. According to industry officials, the…
Mirae Asset Securities is currently under investigation due to its financial support for screenings of the controversial film "The Assassin(s)" for employees of public institutions. This comes amid a series of controversies surrounding the brokerage, including a failed SpaceX stock allocation and issues with single-stock leveraged investment products.
The company recently footed the bill for group screenings of the film, which has been criticized for distorting historical events. These screenings were attended by employees from the Korea Land & Housing Corp. and the Korea Authority of Land & Infrastructure Safety, both based in Jinju, South Gyeongsang Province. The institutions organized the event, but Mirae Asset Securities, which manages their retirement pension accounts, covered the costs of the movie tickets.
Former Seoul city council member Lee Jong-bae, affiliated with the conservative opposition People Power Party (PPP), recently filed a complaint with the Seoul Metropolitan Police Agency against Mirae Asset Securities and officials from the two public institutions.
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