Yeouido's 'Northeast Asia Financial Hub' Blueprint?

Yeongdeungpo-gu to Host International Finance Conference at FKI Tower on 23rd... Discussion on Yeouido Financial District Revitalization with Government, Academia, and Finance Experts; Presentation of Northeast Asia Financial Hub Blueprint to Strengthen Competitiveness in Post-COVID Era

[Asia Economy Reporter Park Jong-il] Yeongdeungpo-gu (District Mayor Chae Hyun-il) held the "Yeongdeungpo-gu International Finance Conference" on the 23rd at the Yeouido Federation of Korean Industries Conference Center to strengthen the competitiveness of the Yeouido financial district in preparation for the post-COVID-19 era.

Hosted by Yeongdeungpo-gu and organized by Seoul Finance, the conference was attended by over 200 people from the government, financial industry, academia, and related professionals, and was held under the theme "Post-COVID-19, Development and Differentiation Strategies for Financial Centers."

The district explained that it was an enthusiastic session to explore ways to strengthen the competitiveness of the Yeouido financial district and develop the financial industry in preparation for the post-COVID-19 era, while sharing trends and prospects of the global finance and fintech industries.

The conference began with an opening address by Lee Yang-woo, CEO of Seoul Finance, followed by congratulatory remarks from Chae Hyun-il, Mayor of Yeongdeungpo-gu, Kim Jong-min, Deputy Director of the Financial Supervisory Service, and Ko Gi-pan, Chairman of the Yeongdeungpo District Council, followed by four session presentations and a panel discussion.

Each session included presentations on ▲ Kim Su-ho, Director of Global Finance at the Financial Services Commission, on "Strengthening the International Competitiveness of Financial Centers and Financial Companies" ▲ Jung Ji-ho, Deputy Head of Global at Shinhan Financial Group, on "Expanding the Concept of Financial Centers: Overseas Expansion and Financial Industry Development" ▲ Kim Young-seok, Executive Director of AIA Life, on "Fintech Innovation, Global Trends, and Competitiveness" ▲ and Noh Sang-ok, Director of Vision Cooperation at Yeongdeungpo-gu Office, on "Development Directions for Seoul Yeouido Financial Center."

Last year, the district established an International Financial District Team within the Vision Cooperation Division and has been working to develop the financial district to nurture Yeouido as a Northeast Asian financial hub.

In February last year, it signed an agreement with Huangpu District in Shanghai, China, on "Continuous Information Exchange and Support in the Financial Sector," and has been promoting the development by collecting various field opinions through meetings with financial institution workers and on-site discussions.

Additionally, to support the growth and leap of fintech startup companies, the district opened the largest "Seoul Fintech Lab" in Korea, and in October, signed a business agreement with the Financial Supervisory Service for "Mutual Cooperation through Financial Education and Other Areas."

In September this year, KAIST Graduate School of Finance is scheduled to be attracted to nurture global financial experts, and various projects such as the construction of an International Finance Comprehensive Support Center and the establishment of town management are underway to position Yeouido as a financial hub in Asia.

A financial industry expert who attended the conference said, "Listening to presentations by experts in each field, I was able to envision a new financial industry model leading the post-COVID-19 era and glimpse the growth potential of Yeouido as a leading Northeast Asian financial center."

Chae Hyun-il, Mayor of Yeongdeungpo-gu, said, "This conference allowed us to clearly outline the development strategy of Yeongdeungpo-gu as a global financial center in the post-COVID-19 era," adding, "We will actively support the growth of the Yeouido financial district as a Northeast Asian financial hub connecting Hong Kong."

This content was produced with the assistance of AI translation services.