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(LEAD) S. Korea unveils road map to develop as financial hub
By Kim Joo-young
SEOUL, July 18 (Yonhap) -- South Korea unveiled a road map Wednesday to transform the country into a financial hub, offering a variety of incentives to form large investment banks and foster investment funds.
The Ministry of Finance and Economy made the road map public after holding a second financial hub meeting, presided over by President Roh Moo-hyun. Participants in the meeting included government and private sector advisors.
The government is considering offering tax incentives to stimulate mergers and acquisitions among financial companies, and to form large-scale investment banks.
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