APFF 2026 probes why Korean finance sector fails to move beyond home turf

by Yoo Na-hyun Posted : March 25, 2026, 13:37Updated : March 25, 2026, 13:37
Participants pose for a commemorative photo during the 19th Asia-Pacific Financial Forum APFF 2026 at The Plaza Hotel in central Seoul on March 25 2026 AJP Yoo Na-hyun 20260325
Participants pose for a commemorative photo during the 19th Asia-Pacific Financial Forum (APFF) 2026 at The Plaza Hotel in central Seoul on March 25, 2026. AJP Yoo Na-hyun.

SEOUL, March 25 (AJP) -South Korea’s manufacturers and pop culture have gone global, but its financial industry still struggles to move beyond home turf — a gap that took center stage at the 2026 Asia-Pacific Financial Forum in Seoul on Wednesday. 

Hosted by Aju Business Daily and ABC, this year's forum held at The Plaza Hotel asked “In the AI era, why has Korean finance yet to cross borders?” The event sought to diagnose the structural limitations holding back Korea’s financial industry and to explore how its role and competitiveness should be redefined in the age of artificial intelligence.

Now in its 19th year, the APFF has established itself as a platform for discussing strategies to help Korean finance grow beyond its home market. The forum brought together leading experts from South Korea and abroad for a series of high-level lectures and discussions.

Agustín Carstens, former general manager of the Bank for International Settlements (BIS), delivered the keynote speech titled, “Why K-industry is global, but K-finance remains local,” focusing on the challenges facing Korea’s financial sector and its future potential.

 

The 19th Asia-Pacific Financial Forum APFF 2026 hosted by Aju Business Daily and ABC is underway at the Grand Ballroom of The Plaza Hotel in central Seoul on March 25 2026 AJP Yoo Na-hyun 20260325
The 19th Asia-Pacific Financial Forum (APFF) 2026, hosted by Aju Business Daily and ABC, is underway at the Grand Ballroom of The Plaza Hotel in central Seoul on March 25, 2026. AJP Yoo Na-hyun
 
Aju Business Daily President Lim Kwu-jin delivers opening remarks during the 19th Asia-Pacific Financial Forum APFF 2026 at The Plaza Hotel in central Seoul on March 25 2026 AJP Yoo Na-hyun
Aju Business Daily President Lim Kwu-jin delivers opening remarks during the 19th Asia-Pacific Financial Forum (APFF) 2026 at The Plaza Hotel in central Seoul on March 25, 2026. AJP Yoo Na-hyun
 
Former BIS General Manager Augstin Carstens L and Dr Kim Jun-san of the KB Financial Group Research Institute speak during a discussion at the 19th Asia-Pacific Financial Forum APFF 2026 at The Plaza Hotel in central Seoul on March 25 2026 AJP Yoo Na-hyun
Former BIS General Manager Augstin Carstens (L) and Dr. Kim Jun-san of the KB Financial Group Research Institute speak during a discussion at the 19th Asia-Pacific Financial Forum (APFF) 2026 at The Plaza Hotel in central Seoul on March 25, 2026. AJP Yoo Na-hyun
 
Agustin Carstens former general manager of the Bank for International Settlements BIS speaks during an interview with AJP at The Plaza Hotel in central Seoul on March 24 2026 AJP Yoo Na-hyun 20260324
Agustin Carstens, former general manager of the Bank for International Settlements (BIS), speaks during an interview with AJP at The Plaza Hotel in central Seoul on March 24, 2026. AJP Yoo Na-hyun. 2026.03.24