Finance
Jeonbuk financial hub bid enters evaluation phase as financial groups build bases
Discussions on designating Jeonbuk as South Korea’s third financial hub have entered a full evaluation stage. The Financial Services Commission has finalised an evaluation plan and will conduct document reviews and on-site inspections in the third and fourth quarters before deciding within the year whether to grant the designation. As the National Pension Service anchors Jeonbuk Innovation City, four major financial holding groups have also moved to build asset management and capital market bases there.
