Myongho Rhee, President of the Busan Finance Center, stated that Busan hopes to develop into a key hub that can attract foreign financial capital and mediate transactions, comparable to international financial cities such as Singapore and Hong Kong. Furthermore, he announced that BFC will accelerate the creation of a financial hub in Busan through leading research and active domestic and international promotional activities. He also expressed gratitude for the participation of Lord Mayor Of London at City of London Corporation in the keynote speech, stating that the support from the London Corporation provided an opportunity to further strengthen Busan's international position.