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Dear domestic and foreign VIPs, 
Welcome to 'The 16th Seoul International Financial Forum' co-hosted by ‘First Class Business Newspaper’
Financial News and Amundi, a global investment management company in France. I especially express
deep gratitude to the governor of the Bank of Korea, Lee, Ju Yeol and Vice Minister of Strategy and Finance
Joo, Hyung Hwan who graced the occasion. 

Seoul International Financial Forum celebrating its 16th this year established itself as ‘Asia's leading
financial forum’ both in name and reality. Every year, Seoul International Financial Forum selects the most
important financial issues and listens to the opinions of national and international experts. It will be no
exaggeration to say that the history of 16 years of Financial Forum, which took the first step in 2000, is the
path that the Korean Financial Industry has followed. 

This year, Financial Forum will focus on Fintech. Fintech combining finance and IT became the topic in
global financial markets. Before long, Korean financial authorities will announce a comprehensive plan for
promoting Fintech such as specialized Internet Bank etc. In line with this plan, financial companies are trying
to be a leader in the Fintech field such as installment of responsible department and partnership with IT
companies etc.

However, it is true that even the concept Fintech is still unfamiliar. Optimism and pessimism co-exist
regarding the effect of Fintech on existing financial order. And Fintech with vulnerable security may cause
great confusion in the financial markets. Thus, by determining the theme of this year's forum as ‘Fintech,
Savior or Destroyer’, Financial News is to present the future direction of Fintech. 
 
Domestic financial industry entered the era of full-fledged low growth and low interest rate and this is the
time when a breakthrough to overcome this is needed. I hope today’s Forum will help financial authorities
to establish Fintech policy and be a momentum to hasten the innovation of the Korean Financial Industry. 
 
Thank you.
 
 
Jae-Ho Jeon
Chairman & CEO,
The Financial News

 

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