Among the 291 head offices of financial institutions located in Seoul, 93 are based in Yeouido. Notably, 42 out of 68 asset management companies and 8 out of 11 futures companies have their head offices in Yeouido. Thus, sufficient infrastructure has been established in Yeouido for the development and expansion of the financial district, which is centered on the asset management business with a heavy concentration of the related financial institutions.
|Location||Yeouido-dong, Yeongdeungpo-gu, Seoul|
|Industries to be attracted||Companies related to finance, consulting, law and accounting, and the regional headquarters of multinational companies|
At present, financial regulatory organizations such as Financial Services Commission and the Financial Supervisory Service as well as the Korea Exchange are located in Yeouido. The presence of financial regulatory organizations in the same area makes it easy for financial institutions to share related information and facilitate communication. In addition, being adjacent to the Korea Exchange, financial institutions can raise their work efficiency.
As regards the fostering of financial human resources, the Korea Institute of Financial Investment, located at 45-2 Yeouido-dong, Yeongdeungpo-gu, runs a professional training center dedicated to the reeducation of financial human resources.
Meanwhile, Seoul Metropolitan Government has built the Seoul International Finance Center (IFC Seoul) to foster Yeouido as an international financial hub and to create a financial cluster in which financial companies and institutions are concentrated. The center comprises three office buildings, a hotel, and a retail mall.
|Development Method||Seoul Metropolitan Government (Lease land), AIG (Development, construction and operation)|
|Duration of Construction||2006 ~ end of 2012|
|Industries and companies that can move in||