Busan Financial News marks its 4thanniversary this year and as the only daily economic newspaper
in the region, it has endeavored to contribute to promote Busan city as the hub of international finance.
Furthermore, we have shared commonground with the efforts of Busan City, which strives to advance
Busan as the city of the world by holding quality international forums and conferences.
The global financial risk triggered by the 2008 sub-prime mortgage crisis has crashed the trading volume
by 10% and the world economy is experiencing an unprecedented long-term recession. Korea also
is experiencing a 2% slow growth trend along with a decrease in both imports and exports. Busan is
a marine and financial city, and is facing a dire situation with the reduced port volume, which caused
by the receivership of Hanjin Shipping, Korea's largest shipping company; following a depression
in the shipbuilding and equipment industry.
With this in mind, Busan Financial News is holding a global financial forum with the thematic focus on
'Turing the Economic Crisis in the Busan-Ulsan-Gyeongnam area into an Opportunity '. In the morning
session, we will review a financial role to accomplish a resurrection of the marine and shipbuilding
industry under the title of 'A breakthrough for the marine industry at risk". In the afternoon session,
we will explore the "Measures for developing regional finance and the vision for the economy of the
"Busan-Ulsan-Gyeongnam area", including Fin Tech, a topic in the world financial industry. We look
forward to heated debates between domestic and foreign scholars, and leading experts.
Financial News, the parent company of Busan Financial News, was founded in 2000. It has since been
recognized as Asia's best media outlet for holding the finest financial forums, including derivatives
conferences and insurance industry symposiums as well asthe Seoul International Financial Forum.
In the four years since its establishment, Busan Financial News has held many sizeable events. It
operated CORE MBA courses through newspapers in universities, such as economic training, the
Term Paper Competition, a nationwide prestigious high school baseball tournament, the Global Busan
Tourism Forum, and with the professors of the College of Business Administration of Seoul National
University in an effort to contribute to local development and public projects for the future of young
people living in Busan, South Gyeongsang Province.
Our performances and achievements were only possible thanks to the support and interest of financial
specialists and economists. Our success is also due to the support of Busan City for Busan Financial
News and Financial News. Once again, thank you so much for your support.
I hope this event can be an opportunity for Busan to grow as a global, financial city through wisdom
and insight, and give guests a broader understanding of Fin Tech - a new promising technology within
the financial industry.
I pray all of our guests will be successful in the coming years.
Thank you very much.
Busan Financial News