Busan Fintech Hub is gaining momentum as one of South Korea’s fastest-growing fintech startup ecosystems, after resident companies reported a sharp rise in sales, investment, and job creation.
According to Busan Metropolitan City, the fintech hub currently supports 56 resident companies, while the total number of companies that have passed through the program has reached 122. In 2025, companies based at the hub generated 147.6 billion won in sales, marking a threefold increase from the previous year. Cumulative sales by resident companies have now reached 357.4 billion won.
The city said the figures show that Busan Fintech Hub is moving beyond its role as a startup incubator and becoming a key growth platform for financial technology firms in South Korea.
Busan Fintech Hub Becomes a Growth Engine for Startups
The strong performance comes as Busan works to strengthen its position as a financial innovation center. Since the hub was launched in 2019 at the Busan International Finance Center and the Busan Chamber of Commerce and Industry, the city has provided support for fintech companies at different stages of growth.
That support includes access to a financial data lab, developer training, marketing programs, consulting, commercialization support, and scale-up assistance.
The results have been significant. Around 32% of resident companies reportedly achieved more than tenfold annual sales growth after joining the hub, highlighting the impact of targeted startup support.
Investment and Financing Reach 143.6 Billion Won
Investment activity has also increased sharply. In the early stages of Busan Fintech Hub, cumulative investment and loan financing stood at around 4 billion won. As of June 2026, that figure had expanded to 143.6 billion won.
This represents a major increase in funding activity and signals growing investor confidence in Busan’s fintech startup ecosystem.
The hub has also contributed to local employment. As of April 2026, companies linked to the hub had created 432 permanent jobs and 2,931 cumulative jobs, supporting Busan’s goal of creating more opportunities for young professionals in the region.
Busan to Expand Private Partnerships
To continue the hub’s growth, Busan plans to strengthen its private-sector partnership network. The city will appoint new “Busan Fintech Hub Partners,” bringing together experts from various industries to help promising companies with business strategy, investment connections, acceleration, and management consulting.
The goal is to help fintech startups expand into new markets and build more competitive business models.
Busan is also advancing its “B-Fintech 20” project, which is designed to support high-potential fintech companies. Selected firms will receive certification from the Busan mayor, 10 million won in commercialization funding, expert consulting, and additional points when applying to extend their stay at the hub.
Busan Aims to Build a Global Fintech Ecosystem
Busan officials believe the fintech hub can become a key platform for connecting finance with other industries. By supporting startups with funding, expertise, and commercialization programs, the city aims to create a stronger fintech ecosystem with global potential.
Lee Jin-soo, Busan’s financial and startup policy officer, said the city will continue expanding support so resident companies can grow into globally competitive businesses.
With sales rising, investment accelerating, and job creation expanding, Busan Fintech Hub is positioning itself as a major driver of South Korea’s regional fintech innovation.