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Busan Metropolitan City Holds Meeting of the Busan Financial Hub Development Council to Strengthen Networks with Financial Institutions

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Busan Metropolitan City (Mayor Chun Jae-soo) announced that it will hold a meeting of the Busan Financial Hub Development Council today (October 13) at 11:00 a.m. in the seminar room on the 22nd floor of the Busan International Finance Center (BIFC II). The meeting aims to promote substantive exchanges and cooperation to further develop Busan as a financial hub.

Presided over by Mayor Chun Jae-soo, the meeting will bring together 16 organizations, including BIFC tenant institutions such as Korea Asset Management Corporation and Korea Securities Depository, as well as financial sector organizations such as the Busan Chamber of Commerce and Industry and the Busan-Ulsan Office of the Financial Supervisory Service.

This will be the first meeting with BIFC tenant institutions since the launch of the ninth popularly elected municipal administration. Through the meeting, Busan Metropolitan City plans to share its major financial hub policies and further strengthen substantive exchanges and cooperation among tenant institutions and related organizations.

Since its designation as a financial hub in 2009, Busan Metropolitan City has successfully attracted and established major public financial institutions, including Korea Asset Management Corporation, Korea Securities Depository, and Korea Housing Finance Corporation. In particular, following the completion of the third phase of the Busan International Finance Center (BIFC II) in December 2025, the city has continued its efforts to attract high-quality tenant companies.

Financial hub development milestones: Designation as a financial hub (2009); completion of BIFC Phase 1 (2014); completion of BIFC Phase 2 (2018); and completion of BIFC Phase 3 (2025).

In addition, Busan Metropolitan City established the Development Council in 2015 and has operated it continuously since then to maximize communication and synergies among financial institutions.

Mayor Chun Jae-soo is expected to emphasize, "Finance plays a vital role in supporting the shipping, port, and logistics industries as we work to shape the future of Busan as a maritime capital." He will also call for continued interest and cooperation, stating, "When the expertise and networks of financial institutions based in Busan are connected, the competitiveness of Busan as a financial hub will be further enhanced."