Busan Finance Center

부산국제금융진흥원 영문


Business Environment

Introduction of major financial and public institutions

The Assets of BIFC’s Institutional Tenants

  • Korea Asset Management Corporation (KAMCO)

    KRW 2.64trillion

  • Korea Securities Depository (KSD)

    KRW 3.38trillion

  • Korea Technology Finance Corporation (KIBO)

    KRW 3.40trillion

  • Korea Exchange (KRX)

    KRW 4.01trillion

  • Korea Housing & Urban Guarantee Corporation (HUG)

    KRW 5.58trillion

  • BNK Busan Bank

    KRW 50.26trillion

  • Korea Housing-Finance Corporation (HF)

    KRW 89.61trillion

Total Assets of
Institutional Tenants

KRW 155.88trillion

Establishment of one-stop maritime finance support system

The nation’s leading marine finance-related entities such as the Marine Finance Center (MFC), KAMCO Ship Investment Management, Korea Marine Finance Corporation (KOMARF) and Korea Ship Finance (KSF) where the maritime departments from KDB Bank, the Export-Import Bank of Korea and Korea Trade Insurance Corporation are stationed are clustered around the BIFC and support shipbuilding and shipping industries.

BIFC’s Institutional Tenants

Financial Institutions
  • Public Financial Agencies


  • Private Financial Institutions


  • Finance-related Institutions


  • International Organization


  • Others


Nearly 3,800 workers from a total of 29 institutions stationed in the BIFC zone as of December 2018

10 Public Financial Agencies 9 Private Financial Institutions 5 Finance-related Institutions
Korea Credit Guarantee Fund

Korea Technology Finance Corporation (KIBO)

The Export-Import Bank of Korea

KDB Bank

Korea Trade Insurance Corporation

Korea Housing & Urban Guarantee Corporation (HUG)

The Bank of Korea Busan Branch

Korea Securities Depository (KSD)

Korea Asset Management Corporation (KAMCO)

Korea Housing-Finance Corporation (HF)
BNK Busan Bank


KB Kookmin Bank


NH Bank

NongHyup Life Insurance

KAMCO Ship Investment Management

Korea Ship Finance (KSF)

Korea Marine Finance Corporation (KOMARF)
Korea Exchange
Busan International Banking Institute
Korea Financial Investment Association Busan Branch
Busan Finance Center
Korea Securities Finance Corporation
International organization (1)
Financial Act Task Force Training and Research Institute (FATF TREIN)
Others (5)
Global FinTech Industry Promotion Center
KOSCOM Busan Center
Korea Southern Power CO., LTD.
Qingdao International Trade CO., LTD.
Busan Finance Center AMC CO., LTD.

Low Business Costs

With a goal of building a global financial hub, the Busan metropolitan government offers differentiated benefits such as tax deduction and subsidy to financial institutions which are moving to and being established in Busan.

Business-friendly Taxation

Country 2015 2016 2017
Australia 30.0 30.0 30.0
Canada 26.3 26.3 26.7
France 34.4 34.4 34.43
Germany 30.2 30.2 30.18
Italy 27.5 27.5 27.81
Japan 32.1 32.1 29.97
Republic of Korea 24.2 24.2 24.2
Luxemburg 29.2 29.2 27.08
Mexico 30.0 30.0 30.0
U.K. 20.0 20.0 19.0
U.S. 39.0 39.0 38.91

Low Office Maintenance Costs

A competitive office rent, compared to the world’s renowned cities

  • 0
  • 50
  • 100
  • 150
  • 200
  • 250
  • 300
  • 350
  • Central, Hong Kong
  • West End of London
  • Midtown, New York
  • Tokyo
  • Shanghai
  • Singapore
  • Downtown Paris
  • Seoul
  • Frankfurt
  • Busan International Finance Center (BIFC)

Unit: US$ / s.f. / year

Source: The JLL Global Premium Office Rent Tracker Q4 2016, estimated by the BIFC

  • Rent
  • Incidental Expenses