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Distinguished guests,

 

We welcome you visiting 'the 18th Seoul International Finance Forum' that Financial News,

'First-Class Business Newspaper,' holds. We give deep gratitude to the chairman of finance,

Mr. Lim Jong Ryong, who has especially graced the occasion.

 

This year, the financial forum is having 18th anniversary. It is the same as the age of Financial

News first published in the last 2000. For the last 18 years, Financial News has provided the main

issue of the year in the financial industry as the forum theme everytime. This year, we selected

'Progress for Innovation Financial Service' as its theme.

 

Innovation is the main issue that penetrates the 21st century. Finance cannot be an exception.

No, finance itself can be said to lead the innovation. It will be pushed backward immediately

at the moment it hesitates.


At today's forum, the CEO of Moven, Mr. Brett King, widely known as the author of 'Bank 3.0,'
gives a keynote address. Mr. King had a preliminary interview with Financial News few days ago.
Here is the part of interview article. "I believe that most of the Koreans will not visit any bank branch
in 1 or 2 years, and will handle all finances by smart-phone." Also he said that "To become a winner
in the future, one must be a winner of technology, not of finance."

That's right. In the past, the bank sales were done mainly through the branch network. However,
in the digital world, finance is no longer a place being visited. All the transactions are done on my
cell phone. Now, people use mobile banking as if they wake up, wash their face and brush their
teeth in the morning. Even in Korea, an internet specialized bank that aims at 'Online Only' for no
face-to-face, no offline store has made an appearance. This forum will be a place to see the future
of banks and find strategy for survival at the digital world that has come to reality.

Ladies and gentlemen,

The forum continues for two days, today and tomorrow. Starting from the keynote address by
Mr. King, in-depth lectures and panel discussions will be continued for the future of finance by
the great scholars and experts of the international finance.

Seoul International Finance Forum has been positioned as 'the best forum in Asia' in all of your
interest. We give our thanks and will do our best for this year to be advantageous time, too. We
wish your health and luck for all of you participants.

Thank you.


Jae-Ho Jeon
Chairman & CEO,
The Financial News

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