"Busan is on track to becoming
Northeast Asia‘s premiere
financial hub specializing in marine, derivatives and back-office/back-up center operations."
On january 21, 2009, the government(Financial Hub promotion Committee)
designated Seoul as the integrated financial hub, and Busan
as the specialized financial hub based on the 「Act on the Creation and
Development of Financial Hubs」
The core reason behind Busan‘s designation as a city for strategic financial hub cultivation along with Seoul, is due to its potential for becoming Northeast Asia‘s optimal financial hub specializing in maritime, derivatives and back-office/back-up center operations.
First, Busan is a port logistics field that will serve as the starting/end point of Northeast Asia‘s railroad. Home to the world‘s 5th largest container port, along with the world‘s six major shipyards, Busan possesses great potential for developing into a maritime-finance center.
The HQ building of the world famous Korea Exchange(KRX) is located in Busan, along with OTC Derivative Central Counter Party (CCP), Gold Spot Market, Carbon Emission Trading Exchange, Potential for developing into a derivative finance center.
Third,Busan boasts outstanding accessibility by highly developed rapid transport links that brings it closer to the capital area. The city also offers great lifestyle infrastructure, an advantage for back-up center establishment. A submarine cable gateway is also located with-in Busan, serving to attract more foreign companies back-up centers.
Soft industries such as fashion, video, marine leisure, and MICE industries along with beautiful beaches, natural scenery, weather and living conditions, make Busan an optimal city that will develop into a world-class financial hub.
We provide great benefits such as tax incentives to foreign & domestic financial organizations entering Busan international Finance Center (BIFC). Our center will continue to promote the development of Busan‘s financial hub by establishing an enhanced financial environment.