Opportunities In Busan As A Global Financial Hub

Opportunities In Busan As A Global Financial Hub
Webinar, Korea

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Busan has developed strongly as a financial centre in recent years. With a focus on maritime finance and derivatives, and at the centre of an area of industrial and technology development, it is well-placed to act as a hub for global logistics. Busan has a special status as a blockchain regulation-free zone, and has well-developed technology offerings across tourism, finance, logistics and real estate.

With highly developed financial services and regulation, Busan offers a home for financial services businesses that are ready to capitalise on Busan’s expertise, its geographical position, and its strong connections with trade and ship financing.

This webinar was aimed at organisations that wish to explore the benefits of Busan as a location for business and for partnership. We heard both from Busan and from the Financial Supervisory Service of Korea about their ambitions and offering to new businesses.

Programme

London/Busan

09:00/17:00 Welcome And Introduction

09:05/17:05 Busan As A Global Financial Center, Professor Michael Mainelli, Executive Chairman, Z/Yen Group

Session: Opportunities in Busan As A Global Financial Hub

09:15/17:15 Navigating Towards a Better Future, Park Sung-hoon, Special Advisor For Economy, Busan Metropolitan Government, ROK

09:25/17:25 Global Financial Hub Of Asia,Yang Ji-young, Head Of Financial Hub Support Team, International Affairs Department, Financial Supervisory Service, ROK

Panel Discussion

09:35/17:35 Questions, Answers, And Observations

10:00/18:00 Close

Date
Wednesday, 21 July 2021

Time
9:00 - 10:00 BST

Cost
Free

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Resources:

Busan IR Presentation

Speaker(s):

Mr Park Sung-Hoon
Special Advisor for Economy
Busan Metropolitan Government, ROK

Mr Park Sung-Hoon's bio

Mr Park is the Vice Mayor for Economic Affairs in the Busan Metropolitan City Government. This appointment follows a substantial public sector career in the Republic Of Korea, including service in the Ministry Of Government Administration, the Ministry of Planning And Budget, the Ministry Of Economy And Finance, and the Office Of The President. He also served as Director-general of the Special Committee on Budget and Accounts, National Assembly of Republic of Korea and Senior Expert Commissioner, Special Committee on Budget and Accounts for the Democratic Party of Korea. Mr Park also has experience in the International Bank For Reconstruction And Development. Mr Park holds a B.A. in Political Science from Seoul National University and an M.A in Public Administration from the Harvard Kennedy School.

Ms Yang Jiyoung
Head of Financial Hub Support Team
Financial Supervisory Service, ROK

Ms Yang Jiyoung's bio

Ms. Yang Jiyoung is the Team Head of the International Affairs Department (Financial Hub Korea) at the Financial Supervisory Service (FSS). She has been engaged in a variety of financial regulatory issues for more than 25 years, and is now in charge of a wide range of duties such as supporting foreign financial companies entering the Korean financial market, helping overseas expansion of Korean companies and nurturing Korea into an international financial center. Ms. Yang started her career in 1995 at the Bank of Korea as a central banker and joined the FSS as a financial regulator from 1999. At the FSS, she carried out various regulatory duties including banking and securities regulation, foreign exchange supervision, anti-money laundering activities, risk-based supervision and on-site examination. Ms. Yang also has an expertise in international banking supervision, and performed a range of duties as a member of different working groups of the Basel Committee on Banking Supervision. Furthermore, Ms. Yang played a key role in introducing Basel III banking regulation into Korea and assessing the implementation of Basel III regulations in China and Singapore. She is currently heading the Financial Hub Support Team from February 2021. Ms. Yang received an M.B.A. with a major in finance and risk management from Georgia State University in 2004 and worked as a visiting research fellow at Harvard Law School in 2009.