Busan Financial Hub
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About BFC
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[48400] 52F Busan Finance Center, BIFC 40, Munhyeongeumyung-ro, Nam-gu, Busan, Korea. TEL.+82 51-631-0296 / FAX.+82 51-633-0398
[48400] 52F Busan Finance Center, BIFC 40, Munhyeongeumyung-ro, Nam-gu, Busan, Korea. TEL.+82 51-631-0296 / FAX.+82 51-633-0398
KRW 4.31trillion
KRW 4.73trillion
KRW 7.5trillion
KRW 8.12trillion
KRW 8.37trillion
KRW 67.07trillion
KRW 161.63trillion
KRW 261.13trillion
(As of Dec. 2021)
The nation’s leading marine finance-related entities such as the Marine Finance Center (MFC), KAMCO Ship Investment Management, Korea Marine Finance Corporation (KOMARF) and Korea Ship Finance (KSF) where the maritime departments from KDB Bank, the Export-Import Bank of Korea and Korea Trade Insurance Corporation are stationed are clustered around the BIFC and support shipbuilding and shipping industries.
10
10
5
1
7
As of November 2022, a total of 4,400 employees in 33 institutions in BIFC
| Public Financial Agencies(10) | Private Financial Institutions(10) | Finance-related Institutions(5) |
|---|---|---|
| Korea Credit Guarantee Fund Korea Technology Finance Corporation (KIBO) The Export-Import Bank of Korea KDB Bank Korea Trade Insurance Corporation Korea Housing & Urban Guarantee Corporation (HUG) The Bank of Korea Busan Branch Korea Securities Depository (KSD) Korea Asset Management Corporation (KAMCO) Korea Housing-Finance Corporation (HF) |
BNK Busan Bank SHINHAN Bank KB Kookmin Bank WOORI Bank NH Bank NongHyup Life Insurance KAMCO Ship Investment Management Korea Ship Finance (KSF) Korea Marine Finance Corporation (KOMARF) Citi Bank |
Korea Exchange Busan International Banking Institute Korea Financial Investment Association Busan Branch Busan Finance Center Korea Securities Finance Corporation |
| International organization (1) | ||
| Financial Act Task Force Train (FATF TRAIN) | ||
| Others (7) | ||
| Global FinTech Industry Promotion Center KOSCOM Busan Center Korea Southern Power CO., LTD. International Plant-quarantine Accreditation Board(IPAB) The Korean Commercial Arbitration Board(KCAB) Asia-Pacific Maritime Arbitration Center(APMAC) Munhyeon Branch Office of Busan Techno Park(BTP) |
With a goal of building a global financial hub, the Busan metropolitan government offers differentiated benefits such as tax deduction and subsidy to financial institutions which are moving to and being established in Busan.
| Country | 2019 | 2020 | 2021 |
|---|---|---|---|
| Australia | 30.0 | 30.0 | 30.0 |
| Canada | 26.8 | 26.2 | 26.2 |
| France | 32 | 32 | 28.4 |
| Germany | 29.9 | 29.9 | 29.9 |
| Italy | 27.8 | 27.8 | 27.8 |
| Japan | 29.7 | 29.7 | 29.7 |
| Republic of Korea | 27.5 | 27.5 | 27.5 |
| Luxemburg | 24.9 | 24.9 | 24.9 |
| Mexico | 30.0 | 30.0 | 30.0 |
| U.K. | 19.0 | 19.0 | 19.0 |
| U.S. | 25.9 | 25.8 | 25.8 |
A competitive office rent, compared to the world’s renowned cities
Unit: US$ / s.f. / year
Source: The JLL Global Premium Office Rent Tracker Q4 2016, estimated by the BIFC