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Busan s financial hub vision faces triple whammy Posted : 2021-07-21 08:18 ATS, Yozma, Jeonju seen as obstacles to city s ambitious plan By Park Jae-hyuk Busan s ambitious plan to become one of Asia s financial centers has been facing multiple unfavorable factors lately, despite its declaration last year that it would try to replace Hong Kong by attracting multinational financial firms leaving Asia s premiere financial hub due to turmoil following the mainland Chinese government s implementation of a national security law there. Korea s second-largest city has been more aggressive than Seoul in terms of attempts to take advantage of the political turmoil in Hong Kong, as it has being using online investor roadshows, web conferences and ads in foreign business news outlets, such as the Economist and Bloomberg, to raise global financial companies awareness of Busan.

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