New partnership agreement with Seoul Metropolitan Government and Financial Hub Korea
Luxembourg for Finance and its Korean counterparts aim to work together to develop exchanges in the area of financial services between the two countries. LFF’s CEO, Nicolas Mackel, stated that Luxembourg is looking forward to working with Korea to bolster Seoul’s role as a leading Asian financial center and Luxembourg’s role as a platform for Korean fund managers in Europe.
Luxembourg domiciled funds represented 92 percent of foreign funds admitted for distribution in Korea. Major Korean fund managers like Mirae, Korea Investment Management and KN Asset Management also choose Luxembourg to set up funds.
This new agreement reinforces LFF's network of such partnerships signed with other financial hubs around the world, such as Toronto, Shanghai, Dubai, Moscow and others.