South Korea | Decentralization scheme exiles Korean financiers from Seoul to boonies

Decentralization scheme exiles Korean financiers from Seoul to boonies

The movement of national fund managers from the bustling capital to a sleepy rural town makes political sense, but fosters multiple inefficiencies

June 4, 2018 1:56 PM (UTC+8)
Jeonju on March 29, 2001. It was one of the selected cities in Korea to host the 2002 World Cup. Now the city is trying to kick a financial goal. Photo: AFP/Kim Jae-hwan
Jeonju on March 29, 2001. It was one of the selected cities in Korea to host the 2002 World Cup. Now the city is trying to kick a financial goal. Photo: AFP/Kim Jae-hwan
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