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Seoul BroadCasting News

  • CABEI to open office in Yeouido financial district

  • Seoul BroadCasting News SMG 17622

    Seoul’s main financial district of Yeouido will soon be home to an office of the Central American Bank for Economic Integration, known for short as CABEI.

    As a regional institution that supports development in Central America, CABEI accepted South Korea as one of its two Asian members last year, after which Seoul proposed that it set up a local office.

    The city of Seoul says CABEI was mainly attracted by South Korea’s talented workforce to whom it plans to offer jobs when the office opens later this year.

    South Korea’s finance ministry says it hopes the new office will help South Korean companies make inroads in overseas markets and boost Yeouido’s status as an Asian financial hub.