Chairperson Lee Eog-weon of the Financial Services Commission met with James Kim, head of the American Chamber of Commerce in Korea (AMCHAM), to discuss ways to boost Korea's financial competitiveness.

The Financial Services Commission said Lee and Kim met at Government Complex Seoul on Apr. 10 in the afternoon and discussed policy directions to expand global financial institutions' investment in Korea and enhance the competitiveness of financial regulations.

Lee Eog-weon, chair of the Financial Services Commission, meets with James Kim, head of the American Chamber of Commerce in Korea, at Government Complex Seoul on the afternoon of the 10th to discuss ways to develop Korea as a financial hub, then poses for a commemorative photo. /Courtesy of Financial Services Commission

Kim said Korea has been evaluated in recent years as the second-most preferred regional hub in the Asia-Pacific after Singapore. He also conveyed the view that multinational corporations' Asia-Pacific headquarters located in Korea, currently fewer than 100, have ample potential to grow to 1,000 in the future. AMCHAM also published the "Korea financial hub promotion strategy" last month for the first time since its founding.

Lee expressed gratitude for AMCHAM's interest in and support for Korea's institutional sector of finance, and shared international assessments of past policy efforts and financial industry innovation, along with future plans.

Lee said, "Going forward, to further raise our competitiveness and attract more foreign investment, we will faithfully carry out follow-up measures under the 'Morgan Stanley Capital International (MSCI) developed index inclusion roadmap.'"

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