Busan Urban Corporation Holds 1st Risk Management Committee Meeting

Efficiency of Financial Assets and Financial Soundness... Responsible Management in Public Institutions

Busan Metropolitan Corporation (BMC) recently held the "2024 1st Risk Management Committee Meeting."

The Risk Management Committee is operated in accordance with the Ministry of the Interior and Safety's local public corporation bond issuance and management standards, aiming to establish preemptive response measures for potential risks such as normalization plans for new and underperforming projects, efficient fund management, and sales strategies.

The committee, held on the 26th of last month, was attended by internal members of the corporation as well as a total of 10 external members, including experts in accounting, law, and finance.

The attending members discussed methods for bond market analysis and funding procurement, and engaged in focused discussions on the overall status of the corporation's fund management based on financial market analysis and financial risk management strategies.

In particular, a multifaceted analysis was conducted on securing liquidity and funding procurement strategies for major ongoing projects such as the Centum 2 District High-Tech Industrial Complex Development Project and the Ecodelta Public Housing Project.

Kim Yonghak, President of Busan Metropolitan Corporation, stated, "By thoroughly inspecting the corporation's financial asset management status and the financial market, we will secure timely investment resources for new projects such as the Centum 2 Industrial Complex and the Gadeokdo Airport Complex City Project, thus contributing to the development of the local community. We will also realize sustainable management by ensuring expertise and rationality in fund management."