Mirae Asset’s GlobalX Shatters $100 Trillion Barrier in US Assets Under Management

Korean financial giant's US subsidiary hits unprecedented milestone while traditional banks scramble to keep up

The Growth Engine

GlobalX just crossed the 100 trillion won threshold in US asset management—that's roughly $73 billion at current exchange rates. The achievement marks one of the most explosive expansions by an Asian financial firm in American markets.

While legacy institutions debate digital transformation, Mirae's forward-thinking strategy continues paying dividends. Their success story reads like a masterclass in global financial penetration.

Market Impact

This milestone demonstrates Asian financial firms' growing dominance in international asset management. The 100 trillion figure represents more than just numbers—it's a statement about shifting global financial power dynamics.

Traditional wealth managers watching from the sidelines might want to take notes. Or better yet, actually innovate for once.

GlobalX's achievement proves that aggressive expansion and digital-first strategies work—something Wall Street's old guard still struggles to comprehend between their three-martini lunches and quarterly earnings panic.

Trump says there is nothing like the White House

The president said there is nothing like the White House to him, calling it just a special place that he and other Americans have to take care of. He also claimed that, as president, he has no zoning requirements and can do whatever he wants with the project’s construction. However, the project still needs approvals from the Commission of Fine Arts and the National Capital Planning Commission, but White House staff secretary Will Scharf claimed it is unnecessary. 

Trump opened the East Room’s curtains at one point to show where the ballroom construction is ongoing. He said the White House needed a real estate person like him to accomplish what seemed impossible for almost two centuries. White House officials have stated that the ballroom’s costs will be entirely covered by donations, rather than taxpayer money.

“The White House for 150 years-plus, they wanted to have a ballroom, and it never happened because they didn’t have a real estate person.” 

–Donald Trump, President of the U.S.

The ballroom construction is just one of the many projects the president has undertaken at the White House. He has redecorated the Oval Office and has paved over the ROSE Garden grass.  

Trump unveils plans for a giant Triumphal arch

The president used the dinner to showcase his latest vanity project, a giant triumphal arch featuring Lady Liberty, which he hopes to build after the ballroom is completed. He held up multiple miniature models for his guests to inspect, explaining that the national monument WOULD be well-suited for the traffic circle at the end of the Arlington Memorial Bridge, which connects the Lincoln Memorial to Arlington National Cemetery.  

Trump wants the arch modeled after the Arc de Triomphe in Paris, France, to welcome people crossing the Memorial Bridge into the capital from Arlington National Cemetery. He posted illustrations of the plan designed by Harrison Design architect Nicolas Charbonneau on Truth Social. Charbonneau also posted a watercolor rendering of the project on social media with the caption, “America needs a triumphal arch!”

The president announced that the triumphal arch will be ready by next year to commemorate the 250th anniversary of U.S. independence. He added that his administration did not want to dwarf anything, disclosing that leftover funds from the ballroom may be used for the arch, which he says will be beautiful.

Trump has also mentioned other changes intended for the White House, such as updating the bathroom in the Lincoln Bedroom and renovating the Palm Room, which connects the White House to the Rose Garden. Axios revealed that the president has ordered dioramas and models for other projects he is considering and has directed the placement and design of marble-tiled floors in the White House. 

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