[비즈한국] Lee Tae-sang, CEO of Energy Infrastructure Asset Management, a subsidiary of Mirae Asset Group, has had his term extended. Although CEO Lee's original term was set to expire on March 31, 2026, he has successfully extended it by one year. With Energy Infrastructure Asset Management recently initiating the formation of a sub-fund worth 30 billion won to invest in renewable energy and other sectors, the company has secured stability in investment execution by maintaining its current leadership.
CEO Lee Tae-sang was appointed as the head of Energy Infrastructure Asset Management during the organizational restructuring implemented in October 2025 following Mirae Asset Group’s new vision, ‘Mirae Asset 3.0,’ and officially took office on November 12 of that year. While former CEO Lee Chul-sung, a former Vice President at Mirae Asset Life Insurance085620, had a term remaining until March 31, 2026, a group-wide personnel change resulted in his replacement by Lee Tae-sang, who had served as the company’s Chief Risk Officer and Compliance Officer.
Energy Infrastructure Asset Management was established in 2016 through investments by Korea Electric Power Corporation (KEPCO)015760 and Mirae Asset Group in accordance with the Ministry of Trade, Industry and Energy’s plan to create a ‘Power New Industry Fund.’ In March 2024, as Mirae Asset Asset Management absorbed Multi-Asset Asset Management, a firm specializing in alternative investments, Mirae Asset Asset Management became the largest shareholder with a 90.10% stake. KEPCO holds the remaining 9.9%.
In 2016, KEPCO partnered with the Ministry of Trade, Industry and Energy to establish the Power New Industry Fund with the goal of creating new energy industries, developing technology, and supporting overseas expansion. It was designed as a master-feeder fund structure, where a master fund invests in sub-funds, which then execute the investments. The investment sectors include renewable energy and Energy Storage Systems (ESS). The initial fund was launched with a scale of 505 billion won, with KEPCO investing 500 billion won and Energy Infrastructure Asset Management and Mirae Asset Securities006800 investing 5 billion won. However, although KEPCO was scheduled to invest 2 trillion won, no second round of funding took place following criticism that no direct investments had been made for over two years since the fund's inception.
Since March, Energy Infrastructure Asset Management has been in the process of selecting a consignment manager for the ‘Carbon Neutral e-New Industry Promotion Fund.’ This fund aims to invest in companies engaged in new industry sectors such as renewable energy, ESS, and electric vehicles, as well as businesses focused on energy efficiency, the expansion of renewable energy, and fuel conversion. The minimum fund formation amount is 37.5 billion won, structured as 30 billion won contributed by Energy Infrastructure Asset Management and at least 7.5 billion won raised by the fund manager.
Six companies applied for the manager role: Ubiquoss Investment, Enlight Ventures, KC Investment Partners, Quantum Ventures Korea, TWGF Partners, and Hyundai Motor Securities001500. On March 25, Ubiquoss Investment, KC Investment Partners, and Quantum Ventures Korea were selected during the initial document screening. Energy Infrastructure Asset Management plans to conduct on-site inspections of these selected companies, followed by a second round of evaluation consisting of management presentations. The deadline for fund formation is within three months of the selection date, which is scheduled for June.