Seoul Financial Forum to focus on Korea as RMB hub

20 May 2014   Category: News, Asia, Korea   By Derek Au

The Seoul Financial Forum (SFF) will hold a conference on June 11 with the theme for the day being “Korea as an RMB hub and the globalisation of Korean finance”.

The purpose of the event is to prompt the Korean government to step up its efforts toward internationalising its financial sector by examining the possibility of developing a local RMB business, and discussing recommendations and strategies such as the internationalisation of won, to help local financial institutions succeed in their overseas businesses.

The SFF was founded in October 2001 by a group of leading scholars, policymakers, and professionals drawn together by a strong interest and expertise in finance as well as a shared concern for the continued success of the Korean economy. The mission of the organisation is to help Korea realise its vision of becoming a premier international financial centre in Northeast Asia by strengthening the competitiveness of its financial services industry.

The SFF conference, which Asia Asset Management is a media partner of, will take place at the prestigious Westin Chosun Hotel. Kihwan Kim, chair of the SFF, will make the opening remarks, followed by a speech from Oh-Seok Hyun, deputy prime minister for Economic Affairs and Minister of Strategy and Finance. A series of presentations and panel discussions featuring prominent academics, government officials, economists and experts from the financial industry will then take place. The event will conclude with a dinner lecture from the SFF’s Mr. Kim.