President Park discusses financial cooperation with France and UK

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President Park Geun-hye paid a state visit to the United Kingdom. One of the important reasons for her trip is to visit the Global Financial Centre of London. London is the hub of global inter-bank transactions and securities trade.

In particular, the Korean government is planning to establish ‘Financial Customer Protection Agency(tentative)’ which is a similar organization to the UK’s Financial Conduct Authority which expectedly would form a communication channel between the financial regulators of each country.

Moreover, President Park and the counterparts of France on November 4 reached an agreement to form a cooperative relationship in financial and insurance industry.

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