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Busan is a major commercial and shipping hub in South Korea. In line with the Korean Government's aim of balanced growth across the nation, Busan is beginning a period of major infrastructure development, with the goal of raising substantial investment funds to finance this development, using public private partnership arrangements. The infrastructure plan includes -The development of a new airport -Building a second new port -LNG Hub Terminal Development -The development of a City Rail Network, Expressways, Bridges and Tunnels -The redevelopment of the North port. In this webinar, we heard more from Busan Finance Center about the opportunities available for investors and construction firms and the ways in which you can be part of the future of Busan.
Speakers:
Jong Hwa Kim is the President of Busan Finance Center, an incorporated association built on public-private partnership to develop strategies for Busan to become an international finance hub and act on policy initiatives to attract foreign and domestic financial institutions. Mr. Kim previously served about 30 years at the Bank of Korea, the central bank of Korea, at various capacities such as Deputy Governor and Director-General of the International Department. After his tenure at the Bank of Korea, Mr. Kim joined the Korea Financial Telecommunications and Clearings Institute, a specialized institution for payment and settlement system, as the President and Chairman. Most recently, he served as an Adjunct Professor of the College of Economics at Sogang University in Seoul. He earned his BA in Economics from Seoul National University and received his Ph.D. in Economics from the University of Michigan – Ann Arbor.
SB Shin is Director, International Finance Division, Busan Finance Center. His previous career was spent at Kookmin Bank and then at Standard Chartered Bank in Korea, as Head Of Group Market Risk, Head Of Asset And Liability Management, and then as Managing Director. He holds an MBA from the American Graduate School of International Management, Arizona and was Professor at Baewha Women's University from 2017-2018.
