Vice Chair Kim So-young Heads to Central Asia on Business Trip... Promoting Financial Hallyu Sales
Deputy Chairman of the Financial Services Commission Visits Uzbekistan and Kyrgyzstan
Kim So-young, Vice Chairman of the Financial Services Commission, is attending the Financial Industry Globalization Task Force meeting held on the 13th at the Government Seoul Office in Jongno-gu, Seoul. Photo by Yoon Dong-joo doso7@
View original imageKim So-young, Vice Chairman of the Financial Services Commission, is visiting Central Asia to support the Korean Wave (Hallyu) in finance.
According to the Financial Services Commission on the 16th, Vice Chairman Kim will visit Uzbekistan and Kyrgyzstan consecutively for four days from the 16th to the 19th. This is a follow-up measure after establishing the Financial Globalization Response Team in March and deciding to actively support the overseas expansion of domestic financial companies.
Central Asia marks the 31st anniversary of diplomatic relations this year, and last year, the Korea-Central Asia Cooperation Forum, attended by Korea and five Central Asian countries, was held. Although the trade volume between the two sides has more than doubled over the past four years, exchanges in the financial sector remain limited, according to authorities.
During this trip, Vice Chairman Kim will attend the Korea-Uzbek Fintech Association Memorandum of Understanding (MOU) signing ceremony and participate in the Korea-Uzbek Bankers Association seminar to support the overseas expansion activities of domestic financial companies. In Kyrgyzstan, she is scheduled to attend the BNK Finance opening ceremony and the payment infrastructure construction agreement ceremony.
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The Financial Services Commission stated, “Central Asia is a region rich in minerals and energy resources with high growth potential. Authorities are paying attention to the fact that the five Central Asian countries are pursuing digitalization strategies in the financial economy aiming to advance their financial industries,” adding, “This visit to Central Asia will serve as a catalyst to expand opportunities for Korean financial companies, fintech, and public financial infrastructure institutions to enter Central Asian countries.”
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