Busan's Autonomous Private High School for Financial Education Progressing, Site Solicitation Begun
Busan City is actively promoting the establishment of an autonomous private high school for nurturing financial talent. Accordingly, they announced that a school site solicitation will be conducted for three weeks from February 17 to March 7.
This solicitation is supported by several cooperating organizations including Busan City, the Busan Office of Education, the Korea Exchange (KRX), and BNK Financial Group. Through this process, Busan aims to effectively nurture financial talent within the region.
Site Solicitation and Selection Process
A solicitation for the establishment of a new school in Busan is in progress. The solicitation period runs from February 17 to March 7, 2025, and the applicants are the 16 districts of Busan and cooperating companies.
The site requirements are that the developable area must be at least 23,000㎡ and must be in an area that does not hinder the establishment of the school. Additionally, it must meet the standards for educational environmental impact assessment.
Application methods involve checking the public notice on the Korea Exchange website (www.krx.co.kr) and submitting the application online. Only applications received by midnight on March 7 will be accepted.
After the site solicitation, screening and on-site evaluations will take place, and the final candidate sites are expected to be selected by the end of March. Following this, procedures for establishing a school corporation and obtaining school accreditation will be conducted, aiming for the school to open in March 2029.
Background of Establishing Financial High School and Expected Effects
Busan plans to strengthen its status as a financial hub by nurturing international financial talent. To this end, it is promoting the establishment of an autonomous private high school specialized in economic and financial education.
In December 2024, Busan City signed a business agreement with the Office of Education, Korea Exchange, and BNK Financial Group to establish the financial specialized high school. Consequently, a site selection committee has been formed to carry out the fair selection process.
Once the financial high school is established, it is expected to offer international-level financial education and programs equipped with global competitiveness, which will significantly contribute to the future development of Busan's financial industry.
Busan City Actively Supports Establishing Financial High School
Busan City aims to further strengthen its status as a financial center through the establishment of an autonomous private high school. They plan to actively support the growth of Busan into a solid global prestigious school.
The Busan City Financial Start-up Policy Officer emphasized, "We will swiftly promote the establishment of a financial specialized high school so that Busan can become a center of financial education." These efforts will contribute to enhancing Busan’s financial education environment.
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