Lee Bok-hyun, Financial Supervisory Service Chief, Visits Deutsche Bank Headquarters... Responds with 210 Billion KRW Capital Increase for Korean Branch

Deutsche Bank Seoul Branch Decides on 150 Million Euro Capital Increase

Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), visited the headquarters of Deutsche Bank in Germany and held a meeting with the management. The executives responded by deciding to increase the capital of the Seoul branch by approximately 210 billion KRW.

On the 17th, the FSS announced that Governor Lee visited the Deutsche Bank headquarters in Frankfurt, Germany, on the 15th and met with executives including Ram Nayak, Co-Head of the Global Investment Banking Division.

On that day, Deutsche Bank's management decided to increase the capital of the Seoul branch by 150 million euros (about 213.1 billion KRW). This decision was based on the stable condition of the Korean financial market, its long-term growth potential, and the strategy to establish Korea as a key hub in Asia.

Regarding this, Governor Lee stated, "The capital increase decision by Deutsche Bank, one of the world's top banks, demonstrates growing expectations for improved business conditions for foreign financial firms in Korea, thanks to the Korean government's and foreign exchange and financial authorities' efforts to ease foreign exchange market regulations." He added, "I hope this will serve as a turning point for foreign financial firms and overseas investors to continue investing in Korea's financial industry."

He also said, "As Deutsche Bank's Seoul branch marks its 45th anniversary of entering Korea this year, I expect this investment to expand its business capabilities in Korea and become an opportunity for a new leap forward." He urged, "Based on Deutsche Bank Group's global network, please continue to play a role in the development of Korea's financial industry and the stability of the financial system."

Additionally, Governor Lee exchanged views with Deutsche Bank's global management on Korea's strategy to foster a financial hub and on trends in the global economy and financial markets.

Lee Bok-hyun, Governor of the Financial Supervisory Service (right), is taking a commemorative photo on the 15th at the Deutsche Bank headquarters in Frankfurt, Germany, with Ram Nayak, Co-Global Head of Deutsche Bank Investment Banking. (Photo by Financial Supervisory Service)

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