FSS sees forum as stepping-stone to financial hub status

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FSS sees forum as stepping-stone to financial hub status

The Financial Supervisory Service (FSS) will host the 2012 Financial Hub Seoul Conference in conjunction with the Seoul Metropolitan Government at the Conrad Hong Kong today to promote the city’s bid to attract foreign financial companies and become a leading financial hub.

Approximately 220 senior executives and representatives from 70 global financial institutions including Royal Bank of Scotland Group, Bank of China RBS, Goldman Sachs, JP Morgan and BNY Mellon will attend the event.

“The conference is also expected to raise the participants’ confidence and trust in Korea’s financial markets by effectively promoting measures taken by the Korean government and financial authorities to overcome financial difficulties, such as the euro zone crisis, while helping global financial firms have a better understanding of Korea’s financial hub plans and related financial incentives and thereby increasing their appetite for starting up a business in Korea,” the FSS said in statement.

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