TIGER Korea AI Power Equipment TOP3 Plus ETF Newly Listed

Mirae Asset Global Investments announced on October 21 that it will list the 'TIGER Korea AI Power Equipment TOP3 Plus ETF' on the Korea Exchange.

The TIGER Korea AI Power Equipment TOP3 Plus ETF focuses on investing in 10 leading Korean power equipment companies that have emerged as global top-tier players. The ETF is based on the 'KEDI Korea AI Power Equipment TOP3 Plus Index (Price Return)'. The portfolio is structured around the value chain, centering on Hyosung Heavy Industries, HD Hyundai Electric, and LS Electric.

The power equipment industry develops, manufactures, and supplies essential devices and systems for generating, transmitting, and distributing electricity, such as generators, transformers, and motors. It plays a key role across various industries, driven by high efficiency, eco-friendliness, and advanced technology. As technology standardization and international competition intensify, securing competitiveness in the global market has become increasingly important.

By utilizing the TIGER Korea AI Power Equipment TOP3 Plus ETF, investors can effectively invest in Korean power equipment companies that have begun to surpass global competitors. Korean power equipment firms excel in technology such as ultra-high voltage applications, HVDC technology, and advanced cooling and insulation. They are achieving higher growth rates than global competitors by leveraging rapid delivery through timely capacity expansion. They are also quickly increasing their market share in the United States, the largest market, and securing ample references.

Hyosung Heavy Industries surpassed 1 trillion won in orders from North America this year. HD Hyundai Electric recently signed a contract worth 277.8 billion won to supply ultra-high voltage transformers to a Texas-based power company in the United States. LS Electric's orders related to North American data centers have reached approximately 400 billion won this year. The company is expanding its business beyond supplying power solutions for data centers to include microgrid and distribution equipment projects for power grid construction. In addition, Korean power equipment companies are securing new growth drivers by expanding into Europe and the Middle East beyond the United States.

Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, explained, "Power infrastructure investment is large-scale, technology-intensive, and involves long-term projects. Therefore, economies of scale and corporate credibility are crucial. Korean companies are emerging as global top-tier players with strong facility investment, technological capabilities, international certifications, and references."

He added, "The TIGER Korea AI Power Equipment TOP3 Plus ETF focuses on a vertically integrated structure that combines leading companies with turnkey order capabilities and the value chain, allowing investors to actively benefit from the growth of the power equipment market."

To commemorate the launch of the TIGER Korea AI Power Equipment TOP3 Plus ETF, Mirae Asset Global Investments will hold a listing event for trading customers. Some customers who meet the daily trading conditions for the ETF at Eugene Investment & Securities will receive cultural gift certificates. Detailed information about the event can be found on the securities firm's website.