Yeongdeungpo-gu Appoints 'Yeouido International Financial Hub Advisory Group' to Promote Development of Financial Center

Formed Advisory Group of 16 Including Professors in Finance and Urban Engineering and Financial Experts at Appointment Ceremony on the 7th... Providing Advice on Mid- to Long-Term Plans and Policy Proposals for Revitalizing Yeouido International Financial Hub

[Asia Economy Reporter Jongil Park] Yeongdeungpo-gu (District Mayor Chae Hyun-il) is gathering the wisdom of experts from various fields to leap forward and develop as a global financial hub.

The district formed the ‘Yeouido International Financial Hub Advisory Group’ and held an appointment ceremony along with a meeting in the district office’s planning situation room on the 7th.

At the appointment ceremony, 16 experts including professors, lawyers, executives and employees from public and private financial institutions, and journalists who are actively working in the fields of finance and urban engineering were appointed as advisory committee members.

The advisory group will play a diverse role over the next two years by providing professional advice and suggestions to revitalize the Yeouido Financial Development Promotion District as a financial hub.

Through the appointment of the ‘Yeouido International Financial Advisory Group,’ the district expects to strengthen the expertise of policy projects it pursues, verify the feasibility of mid- to long-term plans, and promptly collect opinions on current issues, enabling more substantial promotion of revitalization projects.

During the meeting held after the appointment ceremony, the progress and current issues of the Yeouido international financial district promotion were shared, and time was taken to hear professional opinions and advice on future development directions.

The district plans to reflect the proposals derived from the discussion process at the '2021 Yeouido International Finance Conference' to be held on October 22, sponsored by the Financial Supervisory Service and the Korea Financial Investment Association, to lead more in-depth discussions.

Yeouido in Yeongdeungpo-gu was designated as Korea’s international financial hub by the Financial Services Commission in 2009 and was selected as Seoul’s Financial Development Promotion District in the same year. Since then, the district has continuously strived to foster Yeouido as a global financial hub by establishing the International Financial Special Zone Team, the only team in a basic local government responsible for financial policy.

The district has established a promotion plan for the Yeouido Financial Development Promotion District, continuously exchanges with current financial professionals and overseas financial cities, and conducts customized financial education for local residents through an agreement with the Financial Supervisory Service.

In particular, since last year, the district has been hosting the 'Yeouido International Finance Conference,' listening to various opinions from financial experts and making efforts to reflect them in policies.

Additionally, the district is accelerating the town management project that utilizes public spaces within Yeouido to promote urban revitalization together with local stakeholders. It plans to design and operate various projects to restore communication and community spirit in the Yeouido Financial Development Promotion District, such as hosting Yeouido After Work events and installing urban vitality spaces.

Chae Hyun-il, Mayor of Yeongdeungpo-gu, stated, “Based on the valuable insights of the advisory committee members who are experts in their respective fields, we will do our best to ensure that Yeongdeungpo-gu can grow beyond Seoul into a global financial city.”

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