Chairman Kim Byoung Hwan of the Financial Services Commission visited the site of a global startup hub currently in the stage of being established in Busan, which is modeled after the French startup campus Station F on October 1. The newly established global startup hub is expected to open in the first half of 2026 and offer startup incubating, training, and other relevant services and resources to young entrepreneurs. While visiting Busan, Chairman Kim attended Fly Asia 2024 and conferred awards to a group of startup companies selected for outstanding idea demonstrations. Chairman Kim also took part in KDB V:Launch, a regional venture investment platform, to deliver congratulatory remarks on the importance of cultivating local startup companies to boost our growth potential and promote a well-balanced growth across the country. In his speech, Chairman Kim said that the FSC will actively participate in parliamentary discussions on the issue of relocating Korea Development Bank's head office to Busan to promote city's development as a global hub for the logistics, finance, and high-tech industries.