Kim So-young, Vice Chairman of the Financial Services Commission, Visits Europe to Support K-Finance Exports
Scheduled to Visit Germany and Lithuania by the 1st of Next Month
Kim So-young, Vice Chairman of the Financial Services Commission, will visit Germany and Lithuania from the 28th of this month to the 1st of next month, following visits to Central Asia (Uzbekistan and Kyrgyzstan) and Southeast Asia (Indonesia and Vietnam), to support the export of K-finance.
In the first country of visit, Germany (Frankfurt), she will visit the European Central Bank (ECB) to finalize the Financial Services Commission-Financial Supervisory Service and ECB banking supervision cooperation agreement and exchange views on recent financial market trends and financial policy issues in both regions. Additionally, she will hold a meeting with financial companies based in Frankfurt, where many Korean financial institutions have branches, to listen to local business trends and challenges.
The second country of visit, Lithuania (Vilnius), saw Finance Minister Gintar? Skaist? of Lithuania deliver a congratulatory speech and attend 'Korea Fintech Week 2024' in August, and through a meeting with Kim Byung-hwan, Chairman of the Financial Services Commission, both countries formed a consensus on strengthening financial cooperation.
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Vice Chairman Kim plans to leverage Lithuania's strengths, such as rapid licensing procedures, as a foothold for entering the European market to promote the export of Korea's fintech industry by signing a financial innovation cooperation agreement between the Financial Services Commission and the Bank of Lithuania (BOL) and holding a fintech roundtable attended by the Korean Fintech Support Center and companies. Furthermore, through a meeting with the Lithuanian Ministry of Finance, she will share policy directions and measures for fostering new growth engines such as fintech and AI, thereby strengthening cooperation.
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