The Financial Centre Initiative Frankfurt Main Finance (FMF) and the Busan Finance Center (BFC) want to cooperate more closely in the future. The presidents of both institutions, Jong Hwa Kim for the BFC and Gerhard Wiesheu for FMF, signed a corresponding Memorandum of Understanding on Thursday, 10 November, in the building of Bankhaus Metzler in Frankfurt. Also present were Tae-hyung Kwon, manager of the BFC, Adnan Shaikh, member of the Executive Board of FMF and mayor of the FMF member city of Eschborn, and the managing director of FMF Hubertus Väth.
Both financial centres want to advance the joint further development of current, important topics in the areas of FinTech, ESG and infrastructure. To this end, new webinars on the aforementioned topics are to be offered and events jointly organised and attended.
Gerhard Wiesheu, President of Frankfurt Main Finance: “I hereby expressly thank the Busan Finance Center and especially the delegation from South Korea for the cooperation and the further joint step that both financial centres want to take.”
Jong Hwa Kim, President of Busan Finance Center, commented: “the agreement with Frankfurt Main Finance (FMF) is expected to broaden the areas for cooperation for both cities. We expect to gain deep insights into where Busan should head to become a financial hub,” and added that “we will also share best practices in FinTech, ESG, and infrastructure, which are key areas of focus for FMF.”
The cooperation with Busan, the second largest city in South Korea, and the financial centre Frankfurt has a long tradition. The Busan Finance Center wants to develop the city into an international financial centre in Northeast Asia. The city has already developed into a leading FinTech metropolis in the region. Frankfurt and Busan will implement their joint plans in the coming weeks and months and thus together contribute to strengthening their respective financial centres.