The Korea Herald

지나쌤

FSS promotes Busan as ship-financing hub

By Chung Joo-won

Published : Oct. 23, 2013 - 19:31

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The Financial Supervisory Service hosted an investor relations convention in Shanghai on Wednesday to attract foreign ship-financing investment to Korea’s No. 1 port city, Busan.

About 110 leaders from 68 shipbuilding-related institutions, including Chinese financial institutions, global ship-financing firms, Shanghai Shipping Exchange and Shanghai Shipowners’ Association, attended the Korean financial regulator’s event.

The Shanghai IR session was aimed at promoting the advantages of Busan as a competitive financial hub for international ship investors, FSS officials said.

“Chinese ship-financing firms have a relatively larger capacity to make investments overseas, and their rising interest in Busan is expected to result in larger investments in the Korean market,” an official said.

(joowonc@heraldcorp.com)