Excerpt Translated to English

[Excerpt] Bringing Global Finance to Korea

TCK Investments Co-CEO Mark Tetto Advises the Presidential Financial Services Commission Policy Briefing

Originally Reported by The Korea Economic Daily
January 31, 2023

[Excerpt] Mark Tetto to President Yoon: "Let’s Bring Global IBs from Hong Kong to Korea"

Mark Tetto attends Financial Services Commission’s policy briefing on the 30th

Mark Tetto… Co-CEO of TCK Investments, advised President Yoon Suk-yeol that "Korea should directly engage in deal-making with global investment banks (IBs) currently based in Hong Kong and bring them here."

On the 30th, Tetto participated in the “2023 Financial Services Commission Policy Briefing and Forum on Financial Market Stability and Industry Development” held at the Blue House State Guesthouse and presided over by President Yoon. He remarked: "With Hong Kong’s position as Asia’s financial hub now in question, this is a once-in-a-lifetime opportunity for Korea to attract global financial firms and investors to do business here instead."

Born in New York in 1980, Tetto graduated from Princeton University and earned his MBA from the Wharton School of the University of Pennsylvania. He worked at Morgan Stanley and Samsung Electronics before becoming Co-CEO of TCK Investments.

Tetto began by saying, "For the past 12 years working in Korea’s financial industry—and as someone who loves this country—I’ve always dreamed of Korea becoming Asia’s next financial hub."

He continued, "While Hong Kong has long held the title of Asia’s financial center, its position has weakened due to the national security law protests in 2020–2021 and strict COVID lockdowns. This represents a market worth tens of trillions of won that Korea must actively seize."

Finally, he called on President Yoon to take the lead in making deals.
"Just as the presidential office has recently gone to Europe and the Middle East to directly engage in deal-making, it can play the same role in the financial sector," Tetto advised.

Excerpted and translated. See original article.