FSC Chairman Kim Byung-hwan's Strategic U.S. Visit

Financial Services Commission (FSC) Chairman Kim Byung-hwan embarked on a significant two-day trip to the United States, aiming to bolster Korea's capital market policies and attract foreign investment. A key highlight was his meeting with Stephen Schwarzman, chairman of Blackstone, at their New York headquarters on April 22.

Enhancing Korea's Capital Markets

During the discussions, Kim emphasized the Korean government's initiatives to improve foreign exchange accessibility and support long-term venture investments in strategic industries. "Despite recent uncertainties, the Korean financial market remains stable," Kim noted.

Blackstone's Positive Outlook on Korea

Schwarzman expressed Blackstone's interest in expanding its footprint in Korea, highlighting the reopening of its office in 2022 as a testament to its commitment. With over $1 trillion in assets under management, Blackstone's potential increased investment signifies strong confidence in Korea's financial landscape.

Advocating for Fair Evaluation

Kim also engaged with MSCI executives, advocating for Korea's fair consideration in the MSCI Developed Markets Index. FSC Vice Chairwoman Kim So-young shared optimism about Korea's inclusion, underscoring the high possibility in upcoming reviews.

Supporting Korean Financial Institutions Abroad

In New York, Kim met with leaders from major Korean banks and financial institutions, pledging support to overcome overseas operational challenges and secure new revenue streams.

Fostering Korea's Bio-Venture Ecosystem

Earlier in Boston, Kim discussed with Korean venture capital firms and Aveo Oncology, focusing on bolstering the bio-venture ecosystem and facilitating U.S. investments. Kim outlined policies to invigorate venture investment through public sector capital and enhanced investment information infrastructure.