Saturday, April 4, 2020
Busan to Hold International Marine Finance Convention
Busan as Maritime Finance Hub
Busan to Hold International Marine Finance Convention
  • By Yim Hyun-su
  • May 14, 2018, 17:10
Share articles


​A speaker makes a presentation during last year's convention on marine finance in Busan.​
​Participants in last year's convention on marine finance in Busan pose for a photo.​

Busan, South Korea’s second largest city, will hold the 2018 Busan Financial Hub Convention on International Marine Finance on May 15 featuring high-profile business figures as speakers.

This year’s annual convention will be jointly held by the Busan Metropolitan City and the Financial Supervisory Service (FSS) at the Westin Chosun Busan.

Participants will discuss the future of the maritime finance sector and recent changes in the global economy.

Marking the 6th anniversary this year, the 2018 convention will feature a panel of experts including Vice Mayor for Economic Affairs Kim Ki-young, and First Senior Deputy Governor at the FSS Yoo Kwang-yeol, as scores of academic experts and industry officials will participate in the maritime-themed financial convention.

International figures will also speak at the convention, including Tobias Schenck, a sales director from IHS Markit, Nizet Domenik, senior vice president of DVB Bank for the Asia Pacific region, and Mark Teng, executive director at Credit Agricole Asia Shipfinance Limited and Cheon Kang-woo, a team leader over seeing technology research at the Korean Register of Shipping.

The morning session of the event will focus on how to improve the competitiveness of Busan’s maritime finance industry, while the afternoon session will discuss plans for finance projects in Busan.

“We hope this year’s conference can serve as an opportunity to put the struggling shipbuilding and shipping industries back on track and help adapt to the ever changing financial sector in the wake of the Fourth Industrial Revolution,” said Kim, who is vice mayor for economic affairs in Busan.

The four-and-a-half-hour long event will kick off with an opening speech by First Senior Deputy Governor Yoo from the FSS, followed by a number of events including a panel discussion, a keynote speech and a Q&A session.