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This paper analyzes the status and characteristics of financial sector in Busan in order to justify the introduction of Chinese Yuan’s offshore market as a development strategy and policy implications towards Busan’s financial hub. For this purpose, we investigate the properties of Busan’s financial industry in terms of GRDP, number of firms, specialized ratio and labor productivity. The outcome shows that there are significant gaps in all categories between Busan and Seoul; Busan’s GRDP in financial sector is just 6 %, while that of Seoul is 47.2% out of the national GDP in that sector and the specialization ratio of financial sector in Busan is 1.21 in 2015 is far below that of Seoul, 2.13. In addition, the concept of offshore market is briefly described together with the benefits and drawbacks of Yuan’s offshore hubs in a global economy. We further specify the recent developments of Yuan’s offshore markets in London and Taiwan as well as in Hong Kong and Singapore together with China’s internationalization measures. Unlike the other three, London utilizes the firmly established global financial center for Yuan’s offshore market through the close cooperation between Bank of England and People’s Bank of China. Under the global circumstances regarding the Yuan’s offshore markets, the importance of Yuan’s offshore market in Busan is emphasized from the perspective of region’s economic development strategy. In spite of the significant gaps between Busan and Seoul in various sections of financial industry, the introduction of Yuan’s offshore market in Busan should be pursued with the help of central government. For practical future-oriented implementation, we provide four policy strategies as follows: Development of linked specialized financial zone, deregulation and effective incentives for attracting foreign financial institutions, strong and long-term cooperative system between local and central government, and establishment of IT-based financial infrastructure. For linked specialized financial zone, the current financial center is so limited in size that it is not appropriate to attract foreign institutions and to expand to different sectors of financial industry such as IT-based fin-tech or offshore market due to poor atmosphere. With linked specialized zone connecting several areas, aggressive and consistent economic incentives should be given to attract both domestic and foreign institutions. Like Dubai and Shanghai, the close and continuous commitment of central government should be proposed in the forms of laws and regulations. For the successful establishment of Yuan’s offshore market, advanced and reliable infrastructure based on information technology also should be provided to cope with the upcoming 4th industrial revolution.