Busan is good

Busan Metropolitan City to Host Investment Briefing in Seoul to Accelerate Leap Toward a Global Financial Hub

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it will jointly host an investment briefing with the Busan International Financial Promotion Agency today (7th) at 4:20 PM at Conrad Seoul in Yeouido, inviting approximately 100 representatives from asset management firms, venture capital firms, and fintech companies based in the Seoul metropolitan area.

This briefing has been organized to attract metropolitan financial companies to Phase 3 of the Busan International Finance Center (BIFC), which has been designated as a financial Opportunity Development Zone, as well as to ‘D-space,’ a financial innovation hub established on the 63rd floor of Phase 1 of the Busan International Finance Center (BIFC).

Following its inaugural event last year, the program has been enhanced by reflecting participant feedback and strengthening collaboration with related institutions. The event will proceed in the following order: ▲introduction of the Busan Startup Investment Agency ▲presentation on the National Growth Fund and the Busan Future Industry Transition Fund ▲case study on the expansion of a marine finance-specialized asset management company (Waterline Partners) into Busan ▲introduction of Busan as a financial hub and its investment incentives ▲collection of on-site feedback from participating companies. The City plans to expand this initiative into a Busan-style financial investment attraction platform in the future.

In particular, the briefing will highlight Busan’s investment environment and growth potential, focusing on its strengths as a hub for marine and digital finance, along with tax and regulatory benefits resulting from its designation as a financial Opportunity Development Zone, and policy finance funds currently being established by both the City and the central government.

The City will introduce investment opportunities in Busan, centered on the ‘three major Busan innovation master funds’ established to support regional corporate growth and industrial innovation, as well as the ‘National Growth Fund,’ a large-scale policy fund of 150 trillion KRW jointly created by the government and private sector to support the overall ecosystem of advanced strategic industries.

In addition, the City will emphasize key strengths such as attracting Korea’s first dedicated fractional investment exchange (KDX Consortium) to Busan, relocation of the Ministry of Oceans and Fisheries, establishment of the Southeast Regional Investment Corporation, and relocation of HMM, all of which contribute to the development of a marine and digital finance ecosystem. The City expects that combining metropolitan financial companies with Busan’s financial hub will create strategic hub synergies beyond simple relocation.

Meanwhile, the City plans to continue expanding investment attraction activities by strengthening cooperation with financial institutions such as the Financial Supervisory Service, the Korea Financial Investment Association, and the Korea Fintech Center. In the first half of this year, it also plans to host an overseas investment briefing in Vietnam, which is emerging as a new financial hub in Asia, thereby expanding its global outreach.

Mayor Park Heong-joon stated, “Busan has been systematically building the foundation for future finance—including designation as a financial Opportunity Development Zone, creation of three major Busan master funds, attraction of five digital, marine, and innovative financial institutions, development of a marine finance ecosystem, and attraction of Korea’s first dedicated fractional investment exchange—in order to leap forward as a global financial hub city.” He added, “Through this briefing, we will expand investment from metropolitan financial companies and create momentum for revitalizing Busan’s financial hub and advancing into a global financial city.”