Financial Supervisory Service Hosts "2025 Busan Marine Finance Week and Marine Finance Convention"

Exploring Strategies to Foster Marine Finance

The Financial Supervisory Service announced on the 24th that it co-hosted the "2025 Busan Marine Finance Convention" at the Lotte Hotel Busan together with related organizations, including Busan Metropolitan City.

The "Busan Marine Finance Convention" has established itself as an international event discussing Busan's vision as a specialized marine finance hub and global trends in marine finance since its first event in 2013. Since 2021, it has been held as part of the "Busan Marine Finance Week" by integrating and expanding related marine finance events.

Prior to the main event, the Financial Supervisory Service held a meeting with the heads of financial-related institutions to explore the sustainable development of Busan as a financial hub and the roles of policy finance and related financial institutions. They agreed to support policies to foster Busan as a global financial hub by leveraging the concentration of policy finance institutions, and to strengthen mutual cooperation and communication among institutions to achieve this goal.

In his opening remarks at the "2025 Busan Marine Finance Week," Financial Supervisory Service Governor Lee Chanjin emphasized that "as the global marine industry transitions to carbon neutrality, marine finance is driving sustainable marine industries by supplying capital to eco-friendly technologies and companies."

He particularly noted that Busan has significant potential to grow into a global marine finance center, thanks to the organic coexistence of the marine industry and financial infrastructure. The Financial Supervisory Service stated that it will continue to actively promote Busan as a financial hub and do its best to lay the foundation for the ESG transition of the domestic marine industry through the activation of productive finance. The agency also expressed its commitment to invigorating the domestic marine and financial markets by seeking ways to foster marine finance through capital market activation, alongside traditional models.

An official from the Financial Supervisory Service stated, "Traditionally, shipping and shipbuilding companies have raised funds mainly through policy finance and banks, but recently, there has been a growing trend of securing capital through alternative means such as bond and stock issuance, private financing, and leasing." The official added, "To ensure the continued growth of Busan as a specialized marine finance hub, we will maintain close communication with related institutions and continue efforts to activate productive capital supply and establish a financial foundation that can support the development of Busan's marine industry and regional economy."

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