Financing

London, a center for global finance

글 | 석지현 기자 2021-10-06 / 17:12

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A few years ago, I visited London which is one of the most developed city in the financial fields all over the world. At that time, London felt a little cozy as I was familiar with the last time I visited, and the hotel was located near the Paddington subway station near Hyde Park. After undressing, I had a conversation with a person who is an expert in the field of foreign affairs and trade while having a light draft beer. It was around 5 pm, so I talked about my plans for the future in a pleasant and bright atmosphere, in the presence of enough people, and briefly exchanged opinions about the characteristics of British culture, etc.

 

I mainly talked about three things I felt while coming into contact with British culture. In other words, he strongly alleged for the need for a change in perception, the need for proactive participation in international project financing, and the need to acquire or actively utilize advanced information. In other words, first, it is urgently required to play a more leading role in a large international project, so there is a need to actively participate without hesitation. It is argued that it is not a lack of experience or lack of ability that acts as a stumbling block in this process, but rather a lack of awareness of one's own identity. Rather than being a backward country of the past 174, it is now time to reconsider taking a more active and proactive role in playing a role as a developer in a large international project to restore strong confidence to become one of the world's top 10 country. In particular, it should be noted that the role of a company in a large project supported by the British government is not just to obtain orders, but to take the lead in the project and receive the necessary conditions for it.

 

He also emphasized that it is an urgent need for the Republic of Korea to play a more leading role in the international finance sector, which occupies the most important weight in the aspect of large projects. I also have a fresh memory of realizing Korea's strong competitiveness in international finance on my previous visit to London, and seeing tangible and surprising results, and falling into a fresh shock. Now, we have come to agree that it is necessary to calmly evaluate our potential competitiveness in international finance and to concentrate our capabilities proactively with strong confidence based on this potential. It was also noted that it is necessary to pay attention to the fact that the UK government is actively providing direct and indirect support in the field of international finance. Also, the Korean government should recognize that it was necessary to benchmark it more, and I felt strongly that the Korean government should pay more attention to this aspect. A clear distinction should be made between regulation and support. Of course, it's never easy in practice...

 

And since it is the center of global finance, there is a lot of advanced information, so it is necessary to focus more attention and competency on the part of acquiring important information in a timely manner through access to it or entering the central group of the world and actively using it for international business. It was emphasized that there is

 

In the case of the UK, it was clear that it had a competitive edge in business strategy in light of its world domination experience. As an easy example, in terms of the visa-free visit period, it is generally 90 days for EU countries, and 90 days is allowed within a total of 180 days including the Schengen Treaty countries. This is allowed. Of course, the entry permit section has its own standards at the time of individual entry, but by opening the door more like this, it has an incentive to attract a lot of talent and manpower, and it seems to have considerable competitiveness in this area. Due to this flexible and competitive policy approach, many excellent manpower and companies have flowed in, and although there is a side effect of partially raising prices, on the other hand, economic power is concentrated and international competitiveness is secured more firmly. Because people are getting results.

 

Although there is some uncertainty after BREXIT, it was felt that it was necessary to look closely and benchmark the policies and social systems that revealed the central forces on the world stage and the experience of dominating the world as it is.

 

While drinking a traditional British beer at a diplomat street (?) near Buckingham Palace, I could not feel the passing of time because I was concentrating on a conversation that was so informative and enjoyable. And by telling me about my wonderful experiences in Geneva, I was even more grateful for correcting my prejudice and ignorance about Geneva. When I return to Geneva in the near future, I have made a commitment to myself to more actively experience the wonderful hidden scenery and culture that I have never seen before. It's a pity that it's too late now, but with the promise of the next meeting, I got on the train and returned hotel while walking down the rainy streets of London, England. Fortunately, unlike in the US, despite the late hour, I felt a sense of safety, so I had the courage to try it for the first time. Moderate fatigue and a bit of pleasant intoxication matched in moderation, and immediately entered the world of sweet sleep. Today, it felt it was a pleasant and joyful time.

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