Seoul metropolitan government (SMG) starts to recruit applications from foreign and local financial firms for its “Seoul International Finance Office” center.
The new center will be opening in October in Yeouido, the central financial district of Seoul. The new center will be located on the 16th floor of One IFC (International Finance Center), accommodating 1-30 persons for up to 5 years with special benefits.
According to Seoul city, the accepted firms will get access to private office, meeting rooms, networking spaces and support for more than 70% of the rental and maintenance fees for up to five years. Various programs, including legal & investment consulting and support for foreign executives and staff, will be offered as well. In some case it may be possible to get even free office.
The eligible companies to apply are headquarters, branches, local headquarters of Korean and foreign financial institutions, Venture Capitals, Private Equity firms, finance-related international organizations, NGOs, or groups that are entering Yeouido for the first time or re-entering the region. These companies should first register local company in Korea and apply accordingly.
Application can be downloaded from here: Seoul International Finance Office Application Form (WORD, 202KB)
The recruitment period will last for four weeks, from July 29 (Wed.) to August 21 (Fri.), and the application form will be accepted for two days, from August 20 (Thurs.) to 21 (Fri.). Move-in will start at the end of October.
The Economic Policy Office of the SMG will be accepting the applications. Foreign financial firms that cannot deliver their applications in person can send them via e-mail to: jmk0222 @ seoul.go.kr ot contact us for support.