Seoul Financial Hub is pleased to announce the release of 'Seoul Finance Snapshot #4,' delivering the latest financial news from Seoul. We kindly ask for your attention to this publication, where financial information about the city is provided.

In this edition, we introduce Seoul's financial environment analyzed through the Global Financial Centres Index(GFCI).

○ The GFCI is an index measuring the competitiveness of financial centers worldwide. In the GFCI 34 released in September 2023, Seoul secured the 11th position overall among major cities globally.

○ Among the evaluated aspects of the financial environment, Seoul demonstrated notable improvements in the areas of human capital, financial sector development, and reputation. In regional analysis, Seoul claimed the 4th place in the Asia-Pacific region, narrowing the gap with other top-ranking cities. The city's efforts in promoting promising FinTech startups, exemplified by the opening of 'Seoul FinTech Lab Ⅱ,' contributed to its rise to the 11th position in FinTech-relevant evaluations.

○ Seoul has been recognized as the top city in the category of 'Future promising City with Potential' by experts. This acknowledgement validates Seoul's high growth potential as a global financial city, aligning with the vision of becoming the 'Financial Center of Asia.'

For more detailed information, please refer to the infographic.