Fourth FMF delegation visit to South Korea and Hong Kong

Under the leadership of Dr. Lutz Raettig, President of Frankfurt Main Finance, a German FinTech delegation, traveled to South Korea and Hong Kong from January 11 to 16, 2018, as in previous years.
In Seoul, a meeting with Heungsik Choe, the President of the Korean financial regulator FSS was on the agenda. Topics of the discussion were the latest developments in FinTech, Blockchain and Cryptocurrencies.
At the FinTech & Blockchain Forum at Sogang University in Seoul, Korean and German companies were presenting their business models. From the German side, the Frankfurt company blockchain HELIX and Firamis as well as the Stuttgart FinTech FINVAX were pitching. Dr. Jochen Papenbrock, Founder and CEO of Firamis, explained his innovative approach of using artificial intelligence in the financial industry.
At the next morning, the delegation travelled with the KTX high-speed train to Busan. Busan and Frankfurt Main Finance are linked by various cooperation agreements and work closely together. The delegation was officially welcomed by Ki-young Kim, Vice-Mayor of Economic Affairs at the Busan City Hall. Afterwards, the Busan-Frankfurt-FinTech Roundtable took place on the 52nd floor of the landmark BIFC building, which is a strong symbol for the dynamic development of the second-largest Korean city.
Back in Seoul, the delegation met with Korean politicians, companies as well as with Prof. Sooyong Park, the head of the Global FinTech Research Institute.
In Hong Kong, the delegation participated in the Asian Financial Forum (AFF). By means of a joint booth between FrankfurtRheinMain GmbH, Hessen Trade & Invest and Frankfurt Main Finance, Frankfurt presented itself as an attractive international financial center to the Asian financial community – not only in the Brexit context.
In her opening address at the AFF, Carrie Lam, the new head of the Hong Kong government, made clear the importance of Fintech and Blockchain for Hong Kong. Blockchain technology is expected to support Hong Kong’s contribution to the Chinese One Belt, One Road (OBOR) initiative.
Later at the same day, Oliver Naegele, founder and CEO of Frankfurt-based Blockchain presented at the Fintech O2O International Fintech Pitch Evening in Cyberport, Hong Kong’s state-owned tech center for FinTechs and other tech companies. In his pitch, he had the opportunity to convince the audience of his unique digital identity solution running on a Blockchain. A lot of applause and many positive comments in the aftermath showed that he was quite successful in doing so.
The second day of the Asian Financial Forum was almost completely dedicated to the startups. In addition to numerous pitches, international experts discussed the FinTech ecosystems in China, Hong Kong and Asia in various so-called “Innotalks”.
Further discussions were held with the Hong Kong FinTech Association and the newly established Hong Kong Blockchain Center (HKBCC). Frankfurt Main Finance intends to work closely together with both organizations in the future.