The Ministry of Finance (Thailand) used the IGNITE Thailand-Korea Business Forum in Seoul to publicise the government’s Thailand Financial Hub policy, with Deputy Finance Minister Julapun Amornvivat setting out how Thailand plans to position itself as a regional base for financial services and investment. The speech highlighted planned measures to support the hub, including globally competitive and transparent incentives, faster and less paper-intensive business registration, and the establishment of an Office of the Financial Hub Regulatory and Promotion Committee acting as a One Stop Authority (OSA) to provide end-to-end services covering licensing, incentive consideration and supervision. The policy direction also envisages hub operators primarily serving non-residents, with limited access to domestic market participants in some cases, alongside initiatives to upgrade local workforce skills and align education curricula with industry needs. The deputy minister also gave an interview to The Korea Herald on the project and discussed potential cross-border business partnerships in a bilateral meeting with CJ Foodville.
Ministry of Finance (Thailand) 2025-04-23
Thailand's Ministry of Finance promotes Thailand Financial Hub policy and planned One Stop Authority at Seoul forum
The Ministry of Finance (Thailand) announced its Thailand Financial Hub policy at the IGNITE Thailand-Korea Business Forum in Seoul, aiming to establish Thailand as a regional financial services and investment base. Key measures include competitive incentives, streamlined business registration, and creating an Office of the Financial Hub Regulatory and Promotion Committee for comprehensive services. The policy focuses on serving non-residents and enhancing local workforce skills, with limited domestic market access.