Financial Centres Of The World 2024: Focus On Busan

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Background: Z/Yen's "Focus On" series highlights key business and financial centres from around the world. Here, we look at Busan, South Korea's second largest city at 3.4 million and a burgeoning centre for maritime industry, finance, and digital finance. Busan's ambitious plans for expanding their digital finance ecosystem include the creation of a urban blockchain and digital asset exchange, unifying services offered by the likes of Ethereum and Cosmos onto one platform. Moreover, we'll look at the work of Busan International Finance Centre, the incentives being offered to the international business community as well as the prospective ecosystem.


  • 08:00 Introduction And Welcome - Mike Wardle, CEO, Z/Yen Group
  • 08:02 Introduction to the Financial Hub Team & Financial Supervisory Service - Myungshin Yoo, Head, International Affairs Department, Financial Supervisory Service
  • 08:05 Busan Global Hub City & Digital ecosystem for Busan Global Financial Hub - Hyo-Kyung Kim, Director of Finance & Blockchain Division, Busan Metropolitan City
  • 08:15 BIFC Introduction, Incentive & Future Ecosystem - Soongoo Ahn, Ph.D, Director, Financial Research Division, Busan Finance Center
  • 08:30 Q&A
  • 08:45 Close


Mr. Myungshin Yoo leads the Financial Hub Support Team of the International Affairs Department at the Financial Supervisory Service (FSS) of South Korea. He has an extensive expertise in statistics with an MS in statistics from University of California, Davis in the United States, and a BA in statistics from Seoul National University in Korea.

Throughout his distinguished career as a financial supervisor over the last two decades, Myungshin has performed various tasks in banking and insurance supervision, as well as consumer protection. In particular, taking advantage of his deep understanding of international business affairs and his expertise as a certified accountant and actuary, Myungshin successfully worked as a policy advisor at the International Association of Insurance Supervisors in Basel, Switzerland.

Mr. Hyo-Kyung Kim serves as the Director of Finance & Blockchain Division in Busan Metropolitan City. He holds a MS in Public Administration from Pusan National University and is currently pursing a Ph.D. in Information Systems at Pukyoung National University. Mr. Kim has demonstrated expertise across various public service areas including Economy&Policy, Employment&Labor, City Diplomacy Policy, Visual Culture Industry, Sports Promotion over 20 years.

Dr. Soongoo Ahn is a director at the Busan Finance Center. He earned his doctoral degree from Bayes Business School, City University of London and holds an M.Sc. in Economics and Strategy from Imperial College London. Before his tenure at the Busan Finance Center, he led the Sustainable Finance Division at UN Global Compact Network Korea and taught international business as an assistant professor at Ulsan College University.

His expertise lies in strategic hub (platform) ecosystems, applying this knowledge across various finance fields, including sustainable finance, digital finance, and maritime finance. With this expertise, he has collaborated closely with Charles Baden-Fuller, a Centenary Professor at Bayes Business School, and Heesung Yun, a Distinguished Professor at Korea Maritime & Ocean University, to research the prospective ecosystem of the Busan Finance Center. He is a member of the Academy of Management, The Korea Port Economic Association, and The Korean Association of Financial Engineering.

Monday, 11 March 2024

8:00 - 8:45 GMT


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  • Myunshing Yo
    Mr. Myungshin Yoo
    Head, International Affairs Department, Fn Hub Team,
    Financial Supervisory Service
  • Director Hyo-Kyung Kim_Busan Metropolitan City
    Mr. Hyo-Kyung Kim
    Director of Finance & Blockchain Division
    Busan Metropolitan City
  • Songoo han
    Dr. Soongoo Ahn
    Director, Financial Research Division
    Busan Finance Center
  • Mike_Wardle_emailcompressed
    Mike Wardle
    Z/Yen Group

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