Direction of financial policy
Seoul City's financial policy direction
Asia's financial city, Seoul.
The Seoul Metropolitan Government is promoting Seoul as the ‘Asian Financial City'. Their plan consists of 15 core tasks in 4 separate areas to improve the city, with the goal of attracting financial institutions and additional Foreign Direct Investments (FDI) to Seoul by 2030.
Improvements on the regulation and tax system, and reinforcement of the city brand as a financial capital
Seoul, the world's 5th largest financial city, Asia's financial center
15 tasks in 4 major areas
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1.Establishment of a financial industry growth ecosystem
- Establishment of the Seoul Investment Agency and strategic attraction of overseas financial companies
- Establishment of a new digital financial support center
- Addition of more office spaces to the Seoul Financial Hub
- Promotion of Yeouido as a Financial Special Development Promotion Zone and a Special Financial Zone
- Reinforcement of think tanks in the financial industry
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2. Reinforcement of the digital financial industry’s capabilities
- Support of the FinTech company's development
- Creation of a 2ndFinTechLab
- Cultivation of key human resources in digital finance
- Reinforcement of the understanding of digital finance
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3. Procurement of a business environment
- Development and promotion of Seoul's brand as an Asian financial city
- (tentative name) Operations of global FinTech festivals
- Establishment and expansion of professional networks and networks among domestic and foreign financial city councils
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4. Reinforcement of the financial city brand
- Discovery and improvement of the major regulations in the financial industry
- Remedies to the Seoul Metropolitan Government's subsidy support system
- Establishment of Yeouido as a world class international financial environment