Busan Finance Center

부산국제금융진흥원 영문


Business Environment

Introduction of major financial and public institutions

The Assets of BIFC’s Institutional Tenants

  • Korea Technology Finance Corporation (KIBO)

    KRW 4.31trillion

  • Korea Securities Depository (KSD)

    KRW 4.73trillion

  • Korea Asset Management Corporation (KAMCO)

    KRW 7.5trillion

  • Korea Exchange (KRX)

    KRW 8.12trillion

  • Korea Housing & Urban Guarantee Corporation (HUG)

    KRW 8.37trillion

  • BNK Busan Bank

    KRW 67.07trillion

  • Korea Housing-Finance Corporation (HF)

    KRW 161.63trillion

Total Assets of
Institutional Tenants

KRW 261.13trillion
(As of Dec. 2021)

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


As of November 2022, a total of 4,400 employees in 33 institutions in BIFC

Public Financial Agencies(10) Private Financial Institutions(10) Finance-related Institutions(5)
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)

Citi Bank
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 Train (FATF TRAIN)
Others (7)
Global FinTech Industry Promotion Center

KOSCOM Busan Center

Korea Southern Power CO., LTD.

International Plant-quarantine
Accreditation Board(IPAB)

The Korean Commercial
Arbitration Board(KCAB)

Asia-Pacific Maritime
Arbitration Center(APMAC)

Munhyeon Branch Office
of Busan Techno Park(BTP)

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 2019 2020 2021
Australia 30.0 30.0 30.0
Canada 26.8 26.2 26.2
France 32 32 28.4
Germany 29.9 29.9 29.9
Italy 27.8 27.8 27.8
Japan 29.7 29.7 29.7
Republic of Korea 27.5 27.5 27.5
Luxemburg 24.9 24.9 24.9
Mexico 30.0 30.0 30.0
U.K. 19.0 19.0 19.0
U.S. 25.9 25.8 25.8

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