The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    BLACKPINK Jennie's 'Solo' music video hits record high 900 mil. YouTube views

  • 3

    Japanese students' field trips to Korea resume after pandemic hiatus

  • 5

    Lotte desperate to win LVMH Chairman Arnault's heart

  • 7

    President Yoon refutes criticism of fence-mending summit with Japan

  • 9

    Apple Pay service starts in Korea

  • 11

    US report voices concerns over S. Korea's press freedom

  • 13

    Busan to have alternate no-driving days during Expo inspection

  • 15

    Korean firms balk at donating to fund compensating victims of Japan's forced labor

  • 17

    Osstem Implant to invite 1,500 dentists from 22 countries for training

  • 19

    VIDEOMiracle rescue of 200 dogs caged for dog meat

  • 2

    Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract'

  • 4

    Possibly next SOHO, Seoul selects 5 neighborhoods for new signature 'K-alleys'

  • 6

    Kakao criticized for half-baked AI chatbot

  • 8

    INTERVIEW'The Flag': Kwon Jin-ah's love letter to people chasing their dreams

  • 10

    Kwon Sang-woo's new series to stream on Disney+ this year

  • 12

    LVMH allegedly joins takeover bid to acquire Missha

  • 14

    Revenge rises as key theme in K-dramas

  • 16

    Shinhan, Woori shine in overseas business

  • 18

    Korean startup Innospace announces successful test launch of space vehicle HANBIT-TLV

  • 20

    MZ generation-led unions flex muscle across board

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Thu, March 23, 2023 | 10:26
Companies
Seoul mayor woos London firms for investment
Posted : 2023-03-15 16:24
Updated : 2023-03-16 08:05
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Seoul Mayor Oh Se-hoon delivers an opening speech for the '2023 London Conference: Startups from Seoul' event at the London Stock Exchange, Tuesday (local time). Courtesy of Seoul Metropolitan Government
Seoul Mayor Oh Se-hoon delivers an opening speech for the "2023 London Conference: Startups from Seoul" event at the London Stock Exchange, Tuesday (local time). Courtesy of Seoul Metropolitan Government

Korean fintech firms worth investment, Oh says at London Stock Exchange

By Ko Dong-hwan

Seoul Mayor Oh Se-hoon promoted Seoul and Korean startups at London Stock Exchange, Tuesday (local time), assuring high returns on investments.

Oh is on a four-nation European trip that will also bring him to the cities of Dublin, Hamburg and Copenhagen.

Describing Seoul as a center of digital finance in Asia, the mayor said in his opening speech at the "2023 London Conference: Startups from Seoul," that the city has one of the world's highest rates of residents using digital financing services such as online banking on a daily basis thanks to great infrastructure, which helps Seoul's high growth potential in the digital financial industry.

The event was co-hosted by the Seoul Metropolitan Government and London Stock Exchange. Present at the conference were London Stock Exchange CEO Julia Hoggett and 30 representatives of investment firms in London.

During the conference, Oh promoted Yeouido, Seoul's special financial district. Housing the Financial Supervisory Service and 28 major brokerage and investment finance firms, the area is continuing to develop to better accommodate and incentivize international financial firms, he said.

Following the conference, Oh joined an investor relations forum for Korean fintech firms. It was the first such event at London's Stock Exchange dedicated to Korean firms, according to the Seoul Metropolitan Government.

Promoted at the forum were Horizon Technologies, AijiNet, AIZen Global, Moin and Jobis, Korean firms focused on AI and blockchain technologies. Their services range from brokerage analysis to insurance analysis, remittance and tax payments. Some 30 representatives of London venture capitals and asset managers attended the event.

Seoul Mayor Oh Se-hoon delivers an opening speech for the '2023 London Conference: Startups from Seoul' event at the London Stock Exchange, Tuesday (local time). Courtesy of Seoul Metropolitan Government
Representatives of Invest Seoul and London Stock Exchange pose after signing a memorandum of understanding in London, Tuesday (local time). Courtesy of Seoul Metropolitan Government

Invest Seoul, a subsidiary of the city government dedicated to drawing international investments, and London Stock Exchange signed a memorandum of understanding (MOU) on the same day to spur investments in Seoul and Seoul-based firms debuting in the London capital market. The MOU will help high-potential Seoul firms to be listed in the Alternative Investment Market, a pool managed under London Stock Exchange for over 820 promising small and medium-sized firms.

With over 5,000 global finance firms like Goldman Sachs and Citi Group, London accounts for 80 percent of daily foreign exchange transactions across the European Union countries ― amounting for over $2 trillion, according to the Seoul city government. Over 50 percent of global stock exchange transactions and financial derivatives transpire from companies in London as well.

Later in the day, Oh accepted an invitation to visit Mansion House, home of Lord Mayor of the City of London Nicholas Lyons. There, the Seoul mayor pitched his city for investments by British firms and encouraged their expansion to Seoul.

Oh ended the day by meeting Korean entrepreneurs in London at the Korean Embassy in the United Kingdom.

Previously on Monday, Oh met London Mayor Sadiq Khan at City Hall and discussed how the two cities can jointly fend off the climate crisis and how post-pandemic changes can be managed in local settings.

Khan, the city's first Muslim mayor and also the chair of C40 Cities Climate Leadership Group, had invited Oh to the meeting. Oh last January was elected as vice chair of the group's sub-organization for East Asia, Southeast Asia and Oceania.




Emailaoshima11@koreatimes.co.kr Article ListMore articles by this reporter
 
LG Group
Top 10 Stories
1Korean firms balk at donating to fund compensating victims of Japan's forced laborKorean firms balk at donating to fund compensating victims of Japan's forced labor
2Sexual assaults by Korean diplomats continue despite zero-tolerance policy Sexual assaults by Korean diplomats continue despite zero-tolerance policy
3Main opposition leader indicted, faces calls to resignMain opposition leader indicted, faces calls to resign
4Consumers choose to travel abroad over purchasing luxury goods Consumers choose to travel abroad over purchasing luxury goods
5World water day World water day
6Outback Steakhouse sees sales soar as it opens stores in large shopping malls Outback Steakhouse sees sales soar as it opens stores in large shopping malls
7Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared
8Korean pension fund hit by overseas banking crisis Korean pension fund hit by overseas banking crisis
9[INTERVIEW] Retired FSC chief finds inspiration exploring Koreans' ancestral roots INTERVIEWRetired FSC chief finds inspiration exploring Koreans' ancestral roots
10Campaign launched to promote equal treatment for multicultural families Campaign launched to promote equal treatment for multicultural families
Top 5 Entertainment News
1Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract' Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract'
2[INTERVIEW] 'The Flag': Kwon Jin-ah's love letter to people chasing their dreams INTERVIEW'The Flag': Kwon Jin-ah's love letter to people chasing their dreams
3Kwon Sang-woo's new series to stream on Disney+ this year Kwon Sang-woo's new series to stream on Disney+ this year
4Revenge rises as key theme in K-dramas Revenge rises as key theme in K-dramas
5From sky to deserted islands, two artists' documentation of nature adds surreal touch to reality From sky to deserted islands, two artists' documentation of nature adds surreal touch to reality
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group