Vice Chair Kim So-young's Sales Pitch on 'Corporate Value-Up Support Measures'... Visits to Singapore and Thailand

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Kim So-young, Vice Chairman of the Financial Services Commission, will visit Singapore and Thailand to promote the financial industry.

On the 25th, the Financial Services Commission announced that Vice Chairman Kim will embark on her third overseas business trip as part of ongoing financial diplomacy efforts since last year, following visits to Central Asia (Uzbekistan and Kyrgyzstan) and Southeast Asia (Indonesia, Vietnam, and Hong Kong). Through this trip, she plans to support the export of K-finance and attract overseas investment.

In March last year, the Financial Services Commission established the 'Financial Globalization Response Team' and has been focusing on the internationalization of Korea's financial industry. The first destination, Singapore, is recognized as an international financial hub, ranking third globally after New York and London since September 2022.

On the 27th, Vice Chairman Kim will meet with major overseas institutional investors who have shown active interest in the Korean market at the Fullerton Hotel in Singapore, along with the Korea Exchange and the Korea Securities Depository, to explain the Korean government's efforts to advance the capital market.

At this meeting, Vice Chairman Kim plans to provide detailed explanations of key measures supporting corporate value-up, which have attracted significant interest from domestic and foreign investors. She will also attend the Memorandum of Understanding (MOU) event of the Korea-Singapore Bankers Association and deliver a congratulatory speech celebrating the active exchanges between the financial associations of the two countries.

The second destination, Thailand, marked the 65th anniversary of diplomatic relations last year and recorded the largest trade volume ever, reflecting the continuous expansion of economic cooperation with Korea. Thailand is the largest economy in the Southeast Asian region. Considering that 55% of Korean financial companies' overseas bases are in Southeast Asia, the penetration into the Thai financial market remains insufficient.

On the 28th, Vice Chairman Kim plans to meet with Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, and Pichit Akrathit, Chairman of the Securities and Exchange Commission, to discuss developmental cooperation and the promotion of friendly relations between the two countries. In the afternoon, she will hold a session with financial companies operating locally to listen to their difficulties.

The Financial Services Commission stated, "This visit to Singapore is highly significant as it aims to accurately and timely convey the government's policy direction while actively promoting capital market advancement policies, thereby enhancing investor interest and supporting domestic companies in attracting overseas investment." It added, "By directly supporting sales of K-finance in Thailand, where Korean financial companies have had limited presence, this trip is expected to play a positive role in the future expansion of our financial companies into the Thai market."

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