Yoon Seok-heon: "Foreign Financial Firms Should Focus on New Growth Engines Like Digital and Eco-Friendly Sectors"

Yoon Seok-heon, Governor of the Financial Supervisory Service (Photo by Yonhap News)

[Asia Economy Reporter Kwangho Lee] On the 28th, Yoon Seok-heon, Governor of the Financial Supervisory Service, urged foreign financial companies to focus on new growth engine industries represented by digital and eco-friendly sectors.

Governor Yoon made this request during the 'Foreign Financial Companies Business Briefing (FSS SPEAKS) 2021' held via online video conference on the same day.

Governor Yoon emphasized, "New growth engine industries represented by digital and eco-friendly sectors are important as they form the foundation for future economic growth and are attracting global attention. It is time for us to seek the so-called 'The Great Reallocation,' which redistributes society's capabilities to growth engines. Finance is at the core of this change."

He added, "Although it will certainly not be easy, we ask foreign financial companies to actively participate in this process and share their experience and insights. With your cooperation, if Korea innovates its industrial and economic structure, it will soon be able to lead the market in the eco-friendly sector based on its traditional strengths in the digital field."

Governor Yoon concluded, "The new economic environment where innovation and productivity continuously emerge will also be an opportunity for you. We hope foreign financial companies will join us on this new journey of co-growth between the Korean economy and finance."

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