‘Asia-Pacific Central Securities Depositories Association’ Busan General Meeting Held ... Promoting Financial Hub Status and Busan World Expo Bid

The 23rd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) held in Kathmandu, Nepal in 2019.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Busan City and Korea Securities Depository will hold the "24th Asia-Pacific Central Securities Depositories Group (ACG) Busan General Meeting" from the 7th to the 10th at the Haeundae Paradise Hotel, with about 200 participants including ACG member companies, foreign financial institutions, and key government officials.

This council was established in November 1997 with 35 institutions from 24 countries participating to facilitate mutual information exchange and business consultations among central securities depositories in the Asia-Pacific region.

The 24th ACG Annual General Meeting was scheduled to be held in 2020, with Busan City as the host city and Korea Securities Depository as the organizing institution, through joint efforts by Busan City and Korea Securities Depository in 2019. However, it was postponed due to the COVID-19 pandemic and is now being held this year.

This general meeting will proceed under the theme "Financial Industry, Navigating the Sea of Uncertainty," starting with a welcome reception, followed by a special program of this meeting, the "Korea-Asia Financial Cooperation Forum," the ACG high-level meeting and general meeting, and a Busan tour program.

During the meeting period, Busan City and Korea Securities Depository plan to actively promote the bid for the "2030 Busan World Expo."

Lee Myung-ho, President of Korea Securities Depository, said, "We are pleased to hold the event in Busan after waiting for more than two years due to COVID-19, and we hope that hosting the ACG general meeting and forum will contribute to fostering Busan as an international financial center and to the bid for the 2030 Busan World Expo."

Park Hyung-joon, Mayor of Busan, said, "It is meaningful to attract and hold an international conference in Busan thanks to the efforts of the former public institution Korea Securities Depository. Since many high-level officials from Asia will gather in one place at this general meeting, we will take this as an important opportunity to promote the bid for the 2030 Busan World Expo."

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