• INDUSTRIES
  • Financial industry

    New financial markets, such as yuan business and fintech, are rapidly emerging in Seoul thanks to the city’s affordable office rents, advanced ICT, and other major infrastructural advantages in the fields of finance. To help to further foster the finance industry, the Seoul Metropolitan Government has established the International Finance Center, and provides support for startups in finance.

    Opportunities in the Financial Industry of Seoul

    Growth of the Fund Industry

    Growth of China Fund – Korea’s RMB Policy

    Most Active Utillzation of RQFII Quota by Korea

    Area Date of Approval Quota
    (bn RMB)
    Granted Quota
    (bn RMB)
    Granted %
    Hong Kong '11.12 270 270 100

     

     

     

     

     

    Singapore '13.7 50 26 52

     

     

     

     

     

    France '14.6 80 6 8

     

     

     

     

     

    Germany '14.7 80 6 8

     

     

     

     

     

    Canada '14.11 50 - -

     

     

     

     

     

    London '13.7 80 15.2 19

     

     

     

     

     

    Taiwan '13.6 100 - -

     

     

     

     

     

    Korea '14.7 80 30.5 38

     

     

     

     

     

    Qatar '14.11 30 - -

     

     

     

     

     

    Australia '14.11 50 10 20

     

     

     

     

     

    Total - 870 363.7 41.8
    The Chinese economy is going through similar development stages as Korea companies did, making stock-picking easier.
    Location/Time Zone make equity trading easier.

    Continued Entrepreneurship & IPOs

    Growth of Fintech Industry

    FSC started to support and deregulate the Fintech industry
    Global Fintech accelerator became more interested in Korea’s Fintech industry
    Government Fund, PEF started to actively invest in Fintech startups

    New Venture Fund & Increased IPOs

    In Partnership with the local governments, the Korean government has created a KRW 600 billion Venture Fund.
    FSC is advising Korean banks to make more investments in high-tech startups.
    KOSDAQ, the exit device for startups, recorded the largest number of IPOs in 2014. IPOs are expected to grow continuously as the Korean economy shifts to a creative economy.
  • Competitiveness of Seoul's Financial Industry

    (Buildings & Offices)

    RENT OF MAJOR ASIA-PACIFIC CITIES 2014

    (Unit : USD / SQ.FT / YR)

    RENTAL GROWTH OF ASIA-PACIFIC CITIES 2014

    (Unit : %)

    Incentive Scheme for New Entry into Yeouido

    Grants for business installation and equipment : up to approximately USD 1 million (Regional Headquarter, USD 2.5 million)
    Subsidies for New employment/ New employee training : up to approximately USD 200,000 ($500 per person, a month, up to 6 months)

  • Financial industry

    New financial markets, such as yuan business and fintech, are rapidly emerging in Seoul thanks to the city’s affordable office rents, advanced ICT, and other major infrastructural advantages in the fields of finance. To help to further foster the finance industry, the Seoul Metropolitan Government has established the International Finance Center, and provides support for startups in finance.

    Opportunities in the Financial Industry of Seoul

    Growth of the Fund Industry

    Growth of China Fund – Korea’s RMB Policy

    Most Active Utillzation of RQFII Quota by Korea

    Area Date of Approval Quota
    (bn RMB)
    Granted Quota
    (bn RMB)
    Granted %
    Hong Kong '11.12 270 270 100

     

     

     

     

     

    Singapore '13.7 50 26 52

     

     

     

     

     

    France '14.6 80 6 8

     

     

     

     

     

    Germany '14.7 80 6 8

     

     

     

     

     

    Canada '14.11 50 - -

     

     

     

     

     

    London '13.7 80 15.2 19

     

     

     

     

     

    Taiwan '13.6 100 - -

     

     

     

     

     

    Korea '14.7 80 30.5 38

     

     

     

     

     

    Qatar '14.11 30 - -

     

     

     

     

     

    Australia '14.11 50 10 20

     

     

     

     

     

    Total - 870 363.7 41.8
    The Chinese economy is going through similar development stages as Korea companies did, making stock-picking easier.
    Location/Time Zone make equity trading easier.

    Continued Entrepreneurship & IPOs

    Growth of Fintech Industry

    FSC started to support and deregulate the Fintech industry
    Global Fintech accelerator became more interested in Korea’s Fintech industry
    Government Fund, PEF started to actively invest in Fintech startups

    New Venture Fund & Increased IPOs

    In Partnership with the local governments, the Korean government has created a KRW 600 billion Venture Fund.
    FSC is advising Korean banks to make more investments in high-tech startups.
    KOSDAQ, the exit device for startups, recorded the largest number of IPOs in 2014. IPOs are expected to grow continuously as the Korean economy shifts to a creative economy.
  • Competitiveness of Seoul's Financial Industry

    (Buildings & Offices)

    RENT OF MAJOR ASIA-PACIFIC CITIES 2014

    (Unit : USD / SQ.FT / YR)

    RENTAL GROWTH OF ASIA-PACIFIC CITIES 2014

    (Unit : %)

    Incentive Scheme for New Entry into Yeouido

    Grants for business installation and equipment : up to approximately USD 1 million (Regional Headquarter, USD 2.5 million)
    Subsidies for New employment/ New employee training : up to approximately USD 200,000 ($500 per person, a month, up to 6 months)


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