Professor Kim Dae-jong of Sejong University: "The Relocation of Korea Development Bank to Busan Should Be Halted"

Sejong University announced on the 26th that Professor Kim Dae-jong of the Department of Business Administration presented a paper titled "A Study on Expanding Korea's International Financial Competitiveness" at the Korean International Business Association on the 12th.

On that day, Professor Kim stated, "The relocation of the Korea Development Bank to Busan should be halted, and Busan should be specialized in ship financing. The Seoul Metropolitan Government announced a blueprint on the 24th to transform Yeouido into a global financial city like New York's Wall Street," adding, "Mayor Oh Se-hoon permitted a 123-story building in Yeouido and increased the floor area ratio to 1200%."

Professor Kim continued, "The government should collaborate with the Seoul Metropolitan Government," and proposed, "For national interest, the Korea Development Bank should be located in Yeouido, and Seoul should be developed as an international digital financial hub."

Finally, Professor Kim concluded, "Seoul should focus on finance, while local regions should pursue balanced national development according to their regional characteristics. The relocation of the Korea Development Bank to Busan, being a legislative matter, should be stopped. Together with Mayor Oh Se-hoon, let's foster Yeouido as an Asian financial hub and attract Asian financial headquarters to Seoul, similar to New York and Singapore."

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