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Busan Metropolitan City Attracts Three Financial Institutions Specializing in Ship Finance, Shipowners' Insurance, and Private Equity Investment to D-Space (63rd Floor of BIFC)

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Busan Metropolitan City (Mayor Chun Jae-soo) announced that it has newly attracted three specialized financial companies to D-Space on the 63rd floor of the Busan International Finance Center (BIFC).

The three incoming companies are Segyero Ship Finance, a specialized ship finance institution; Korea Shipowners' Mutual Protection & Indemnity Association, a specialist in shipowners' protection and indemnity (P&I) insurance; and D Investment, which has been selected as a fund manager for the National Growth Fund.

With the addition of these companies, D-Space will house a total of 10 institutions, including seven existing tenants: Citibank Korea, UIB Insurance Brokers, KDX Consortium, DB Securities, Waterline Partners, Clarksons Korea, and Synergy IB Investment. This growing concentration of financial institutions will further establish D-Space as a global financial business hub.

Busan Metropolitan City expects the new arrivals to increase the diversity of financial companies within BIFC and further strengthen the maritime finance value chain.

Segyero Ship Finance provides ship investment, management, and financing solutions, while Korea Shipowners' Mutual Protection & Indemnity Association supports risk management for shipping companies. D Investment will focus on attracting private investment capital and investing in growth-stage companies.

In particular, the addition of specialized ship finance and shipowners' insurance institutions is expected to enable a "one-stop maritime finance service" for the shipping and shipbuilding industries. By connecting these companies with policy financing institutions already concentrated at BIFC, including the Korea Development Bank, Export-Import Bank of Korea, and Korea Trade Insurance Corporation, the center will be able to provide integrated services covering ship sales and purchases, financing, insurance, and risk management.

The city also anticipates the creation of new financial business models through close collaboration with existing D-Space tenants.

Collaboration with Clarksons Korea, which possesses extensive shipping market information, could enable the provision of integrated ship asset services. Partnerships with digital financial institutions such as KDX Consortium and DB Securities could also facilitate discussions on innovative businesses, including fractional investment in ship assets and asset tokenization. The addition of private equity investment capabilities is expected to complement the existing policy finance-centered structure.

Building on the latest expansion, Busan Metropolitan City plans to develop D-Space into a core hub for the financial industry, extending its role beyond that of a shared office facility. To this end, the city will actively support joint projects among tenant institutions, identify collaborative business opportunities involving policy finance and private capital, and promote the creation of high-quality jobs in the financial sector.

Mayor Chun Jae-soo stated, "The arrival of these three companies is particularly significant because it brings outstanding financial firms with specialized expertise in their respective fields to Busan, further diversifying the city's financial industry."

He emphasized, "We will continue to actively attract competitive companies in fields such as marine insurance, digital finance, and asset management. By strengthening close exchanges and cooperation among institutions centered on the Busan International Finance Center (BIFC), we will bring renewed vitality to Busan's financial industry."