The United Kingdom has secured a £2 billion ($2.70 billion) investment from South Korea’s Shinhan Financial Group, the nation’s oldest banking firm. The announcement made on Monday marks a significant boost to the UK’s financial services sector.
This substantial investment is intended to support various initiatives, including energy, digital assets, and infrastructure projects over a five-year period. The move is part of a larger strategy following commitments made in 2023 under the former UK government.
The investment is a testament to the UK’s ongoing appeal as a hub for financial innovation and development, promising to bolster the country’s economic ties with South Korea and enhance its infrastructure capabilities.
(With inputs from agencies.)