DSK Bank first to respond as Korea and Bulgaria strengthen financial cooperation

2021-06-18 12:00:36 Primitive Reading

　As reported by Yonhap News Agency, South Korea's presidential office Cheong Wa Dae said on May 14 that South Korean President Moon Jae-in and Bulgarian President Rumen Radev held summit talks at Cheong Wa Dae that morning and reached a consensus on strengthening economic cooperation between the two countries and witnessed the signing of a number of memoranda of understanding on cooperation between government departments and enterprises in the fields of economy, defense, education and sports.

Meanwhile, along with the arrival of the blockchain era, South Korea, as a major digital economy country, has made considerable achievements in the field of digital economy. Blockchain is the underlying technical architecture of the new generation of social business application development infrastructure, and its mature application will promote the change of the global social business development model. The World Economic Forum declared that nearly 100 central banks are currently discussing about the way of applying blockchain technology, especially in the most representative JP Morgan Chase and Goldman Sachs officially started to enter the blockchain industry, which also marks that blockchain technology is starting to enter the stage of global social business applications with its own characteristics of decentralization, distributed storage and non-tamperability.

After the further cooperation between Korea and Bulgaria to strengthen the friendly cooperation between offshore finance, DSK Bank has taken the lead to carry the banner of "Offshore Plan" to promote a better regulatory system for the global cryptocurrency market, which will have a stronger effect on cross-border remittances and offshore finance, and build a It will build a digital economy alliance with borderless circulation of assets, open sharing of value, and collaborative innovation of industry.

DSK Bank was established in 1951 and provides personal banking, corporate banking and private banking services to retail customers and businesses in Bulgaria. It is a subsidiary of OTP Bank Group, one of the largest independent financial services companies in Central and Eastern Europe.DSK Bank is headquartered in Sofia and manages 93 branches, 100 subsidiary offices, 119 banking offices, 9 regional centers, 20 business centers and 40 financial centers.In 2017, the bank had revenues of In 2017, the bank had revenues of BGN 476.9 million, net income of BGN 254.61 million and total assets of BGN 12.15 billion.

DSK Bank's Offshore Plan is a plan launched in response to the previous financial cooperation between the two countries to cooperate in various business application scenarios such as digital assets, trade finance, online payment, equity bonds, notary public, IoT sharing, and data security with the application of "blockchain+".

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