‘Yeouido International Financial Hub’ Blueprint Unveiled... 2021 Yeouido International Financial Conference Successfully Concluded

On the 22nd, the '2021 Yeouido International Finance Conference' held at Glad Yeouido Hotel... Hosted by Yeongdeungpo-gu, supported by Financial Supervisory Service and Korea Financial Investment Association, exchanging expert opinions on changes in the global financial order post-pandemic and Yeouido's transition to a digital finance hub

[Asia Economy Reporter Park Jong-il] Yeongdeungpo-gu (District Mayor Chae Hyun-il) announced that on the 22nd, it successfully held the '2021 Yeouido International Finance Conference' at the Bloom Hall of Glad Yeouido Hotel to diagnose and establish strategies for Yeouido as an international financial center.

Sponsored by the Financial Supervisory Service and the Korea Financial Investment Association, and hosted by Yeongdeungpo-gu, this conference was held to confirm the current status of Yeouido International Financial District amid changes in the global financial order after the COVID-19 pandemic and the paradigm shift to digital finance, and to establish more proactive and feasible promotion strategies.

Under the theme "Changes in the Global Financial Order and the Choices of Yeouido as a Financial Hub," about 40 participants from financial public and private institutions, academia, and financial workers gathered to share opinions on future development directions and strategies. All schedules were safely conducted in strict compliance with quarantine guidelines according to social distancing measures.

After watching an opening video showcasing the development of Yeouido International Financial District, attendees listened to the opening remarks by District Mayor Chae Hyun-il, congratulatory speeches by Go Gi-pan, Chairman of Yeongdeungpo District Council, National Assembly member Kim Min-seok, Kim Eun-kyung, Director of the Financial Consumer Protection Department at the Financial Supervisory Service, and Na Jae-cheol, Chairman of the Korea Financial Investment Association. The event then proceeded with three presentations, a panel discussion, and a special lecture.

The presentations included ▲a video presentation by Alicia Garcia Herrero, Senior Researcher at Natixis Financial Investment Group Asia Headquarters in France, on "Changes in the Global Financial Order and the Shift of Financial Centers," ▲a presentation by Lee Hyo-seop, Director of the Financial Industry Office at the Korea Capital Market Institute, on "Digital Finance Paradigm Shift and Revision of Financial Hub Strategies," and ▲a presentation by Professor Lee Jeong-hyung of the Department of Architecture at Chung-Ang University titled "Discovering the Charm of Yeouido as an International Financial Center."

A panel discussion followed the presentations. Jeon Seon-ae, Dean of the Graduate School of International Studies at Chung-Ang University, served as the moderator, with Professor Lee Jong-seop of Seoul National University and Team Leader Yang Ji-young of the Financial Supervisory Service participating to candidly discuss Yeouido’s current situation and actionable plans for its leap as an international financial district.

Subsequently, a special lecture was delivered by John Lee, CEO of Meritz Asset Management, known as a financial expert. Under the title "Escape from Financial Illiteracy and the Economic Independence Movement," John Lee presented proper investment habits and practical methods for youth.

According to Yeongdeungpo-gu, the number of applications received from October 6 to 18 exceeded the target capacity by more than twice, and inquiry calls poured in, reflecting the enthusiastic interest and response from young people.

A financial industry participant who attended the conference commented, "Listening to experts’ presentations allowed me to envision the current and future outlook of the global economy, and it was a valuable time to glimpse the growth potential of Yeouido as an international financial city based on its charm and strengths."

Yeongdeungpo District Mayor Chae Hyun-il said, "I sincerely thank everyone who actively cooperated to successfully host this conference," and added, "We will continue to strive to strengthen the competitiveness of the financial industry and lay the foundation for growth so that Yeouido can establish itself as a Northeast Asian financial hub."

From November 1, the live video of the conference will be posted on Yeongdeungpo District Office’s YouTube channel ‘Yeonggune,’ allowing any resident who wishes to watch it.