The Benefits of FSC Vice Chief Kim So-Young's Visit to Uzbekistan and Kyrgyzstan
Key Highlights :
Korea's Financial Services Commission (FSC) Vice Chairman Kim So-Young recently wrapped up a four-day visit to two countries in Central Asia, Uzbekistan and Kyrgyzstan. During the visit, Kim facilitated overseas business expansions by Korean financial firms and joint investments in the region.
Kim's visit to the two countries was beneficial in many ways. It helped to strengthen the relationship between the two countries and demonstrated Korea's commitment to investing in Central Asia. It also opened the door for Korean financial firms to expand their operations in the region and to explore opportunities for joint investments.
In Kyrgyzstan, Kim attended a business agreement signing ceremony at the presidential office. This agreement was between BC Card, Smartro, and the Interbank Processing Center (IPC). It aimed to establish an electronic payment infrastructure in the country. Through the agreement, the Korean financial firms will support the sophistication of the country's payment systems and will export local electronic payment systems and various verification technologies related to such financial payment infrastructure.
In Uzbekistan, Kim attended a signing ceremony between the Fintech Center Korea and Fintech Association of Uzbekistan and a joint seminar hosted by both countries' banking associations. This is a great opportunity for Korean fintech businesses to share their business acumen and latest technologies, ranging from blockchain-based payments to certification solution technologies.
Overall, Kim's visit to Uzbekistan and Kyrgyzstan was beneficial in many ways. It helped to strengthen the relationship between the two countries and opened the door for Korean financial firms to expand their operations in the region. It also provided a great opportunity for Korean fintech businesses to share their knowledge and technologies with the countries.
