Focus On Busan 2020

We are pleased to present a short update on the progress being made in the Busan International Finance Center (BIFC). BIFC is a member of Z/Yen’s Vantage Financial Centres network. The aim of this update is to provide readers with news about the exciting progress being made by the city of Busan in attracting more financial services activity to the area.

Since 2009, Busan Metropolitan City has been developing a financial hub specialising in maritime finance and derivatives. With its strategic location in the center of an economic bloc in South East Korea and the crossroads of a global logistics route, Busan envisions growing into an international financial city in Northeast Asia.

Following the successful launch of the 63-storey Busan International Finance Center in 2014, the second phase of development of the Busan Financial Hub was completed in 2018 and is expected to provide world-class business infrastructure for financial institutions. In addition, the Busan Metropolitan Government is preparing to expand its external presence as a financial hub through development of a third-phase financial center starting this year.

BIFC offers an attractive incentive package to global financial leaders and cooperation network of Busan Metropolitan City, the BIFC Promotion Center, the Busan Economic Promotion Agency (BEPA) and Financial Hub Korea will support you to identify opportunities in Busan, one of the fastest developing cities in Asia.

For more information, please contact:

Mike Wardle, Head Of Indices, Z/Yen Group, mike_wardle@zyen.com/ +44 (0) 20 7562 9562

Busan Metropolitan City

kianue@korea.kr/ +82 51 631 0285