Our NYET and △△ Bank team visited Bangkok, Thailand as the last destination of the Pan-Asia project.
Thailand, located next to Cambodia, has a distinctive atmosphere and environment. While attracting lots of tourists from all over the world, they recorded a 4.1% economic growth rate in 2018, the highest in six years (Source: Thailand’s National Economic and Social Development Board (NESDC) Social Development Council).
If you look at the financial industry in Thailand, foreign banks in Thailand are mainly Japanese. As long as Korea and Thailand can rebuild the bonded relationship, there could be strong potential for Korean banks to grow in Thailand. While meeting with the Bank of Thailand, BOI (Thailand Board of Investment), The Thai Bankers’ Association, and Thai Fintech Association, we discussed ways to develop relationship between Korea and Thailand.