Business Continuity Plan

MIRAE HAS DEVELOPED A BUSINESS CONTINUITY PLAN REGARDING HOW IT WILL RESPOND TO EVENTS THAT SIGNIFICANTLY DISRUPT ITS BUSINESS. SINCE THE TIMING AND IMPACT OF DISASTERS AND DISRUPTIONS IS UNPREDICTABLE, MIRAE WILL HAVE TO BE FLEXIBLE IN RESPONDING TO ACTUAL EVENTS AS THEY OCCUR. WITH THAT IN MIND, WE ARE PROVIDING YOU WITH THIS INFORMATION ON OUR BUSINESS CONTINUITY PLAN.

CONTACT – IF AFTER A SIGNIFICANT BUSINESS DISRUPTION, YOU CANNOT CONTACT US AS YOU USUALLY DO, YOU SHOULD CALL OUR GENERAL NUMBER (212) 407-1000. IF YOU CANNOT ACCESS MIRAE THROUGH EITHER OF THOSE MEANS, YOU SHOULD VISIT MIRAE’S WEBSITE AT https://miraeassetsecuritiesus.com/.

MIRAE’S BUSINESS CONTINUITY PLAN – MIRAE PLANS TO QUICKLY RECOVER AND RESUME BUSINESS OPERATIONS AFTER A SIGNIFICANT BUSINESS DISRUPTION AND RESPOND BY SAFEGUARDING ITS EMPLOYEES AND PROPERTY, MAKING A FINANCIAL AND OPERATIONAL ASSESSMENT, PROTECTING THE FIRM’S BOOKS AND RECORDS, AND ALLOWING ITS CUSTOMERS TO TRANSACT BUSINESS. IN SHORT, MIRAE’S BUSINESS CONTINUITY PLAN IS DESIGNED TO PERMIT THE FIRM TO RESUME OPERATIONS AS QUICKLY AS POSSIBLE, GIVEN THE SCOPE AND SEVERITY OF THE SIGNIFICANT BUSINESS DISRUPTION.

MIRAE’S BUSINESS CONTINUITY PLAN ADDRESSES: DATA BACKUP AND RECOVERY; ALL MISSION CRITICAL SYSTEMS; FINANCIAL AND OPERATIONAL ASSESSMENTS; ALTERNATIVE COMMUNICATIONS WITH CUSTOMERS, EMPLOYEES, AND REGULATORS; ALTERNATE PHYSICAL LOCATION OF EMPLOYEES; CRITICAL SUPPLIER, CONTRACTOR, BANK AND COUNTERPARTY IMPACT; REGULATORY REPORTING; AND ASSURING OUR CUSTOMERS PROMPT ACCESS TO THEIR FUNDS AND SECURITIES IF WE ARE UNABLE TO CONTINUE OUR BUSINESS. MIRAE’S CLEARING FIRM, ETC, BACKS UP IMPORTANT RECORDS IN A GEOGRAPHICALLY SEPARATE AREA. WHILE EVERY EMERGENCY SITUATION POSES UNIQUE PROBLEMS BASED ON EXTERNAL FACTORS, SUCH AS TIME OF DAY AND THE SEVERITY OF THE DISRUPTION, MIRAE HAS BEEN ADVISED BY ETC THAT ITS OBJECTIVE IS TO RESTORE ITS OWN OPERATIONS AND BE ABLE TO COMPLETE EXISTING TRANSACTIONS AND ACCEPT NEW TRANSACTIONS AND PAYMENTS WITHIN FOUR (4) HOURS. CUSTOMER ORDERS AND REQUESTS FOR FUNDS COULD BE DELAYED DURING THIS PERIOD.

VARYING DISRUPTIONS – SIGNIFICANT BUSINESS DISRUPTIONS CAN VARY IN THEIR SCOPE, SUCH AS THOSE THAT MAY AFFECT ONLY THE BUILDING HOUSING OUR FIRM, OR THE BUSINESS DISTRICT WHERE OUR FIRM IS LOCATED, THE CITY WHERE WE ARE LOCATED, OR THE WHOLE REGION. WITHIN EACH OF THESE AREAS, THE SEVERITY OF THE DISRUPTION CAN ALSO VARY FROM MINIMAL TO SEVERE. MIRAE’S RECOVERY TIME OBJECTIVE FOR BUSINESS RESUMPTION, INCLUDING ANY NECESSARY RELOCATION OF PERSONNEL OR TECHNOLOGY IS FOUR (4) HOURS. THIS RECOVERY OBJECTIVE MAY BE NEGATIVELY AFFECTED BY THE UNAVAILABILITY OF EXTERNAL RESOURCES AND CIRCUMSTANCES BEYOND MIRAE’S CONTROL. IN THE EVENT OF A SIGNIFICANT DISRUPTION WE PLAN TO NOTIFY YOU THROUGH OUR WEBSITE, https://miraeassetsecuritiesus.com/. IF THE SIGNIFICANT BUSINESS DISRUPTION IS SO SEVERE THAT IT PREVENTS MIRAE FROM REMAINING IN BUSINESS, THE FIRM WILL ASSURE OUR CUSTOMERS PROMPT ACCESS TO THEIR FUNDS AND SECURITIES.

FOR MORE INFORMATION – IF YOU HAVE QUESTIONS ABOUT MIRAE’S BUSINESS CONTINUITY PLANNING, PLEASE CONTACT THE FIRM AT (212) 407-1000.