Home  Corporate Affairs South Korea's Development as a Financial Center
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South Korea's Development as a Financial Center |
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Speaking at an afternoon forum, Stephen Pelletier, chairman and CEO of Prudential International Investments, told his audience what they already knew: South Korea's rapid industrialization following the Korean War is the envy of developing economies across the globe. Then he told them what to expect from South Korea in the near future: an equally ambitious attempt to build its own financial infrastructure and with it, become Northeast Asia's hub for financial services and investment. To make its economy's second act a successful one, South Korea will have to take several steps, such as continuing to improve corporate governance. Pelletier thinks that ultimately it will succeed. That's why Prudential International Investments has decided to set up a new regional office in Korea for their international asset management business. Pelletier's presentation also addressed emerging trends in Korea's equity and debt markets.
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