On the 23rd, the candidate of Busan Mayor Kim Young-chun and Democratic Party pledged to establish “Camellia Bank,” a local internet bank for small businesses and common people.
Candidate Kim held a press conference at the city council briefing room this morning and said, “The interest rate in the middle-interest rate financial market in Busan, which is mainly in charge of savings banks, is 1-2% higher than in the metropolitan area. “Do it,” he said.
Candidate Kim said, “We will establish Dongbaek Bank by investing private capital through subsidies for small business owners, financial companies, and major companies. The financial system used in Internet banking is based on blockchain technology, and the operation system with the current Dongbaekjeon is linked. I will run it,” he explained.
“Dongbaek Bank has expected effects such as increasing sales of small business owners, reducing financial costs, and expanding entrepreneurship opportunities through the promotion of online-based commerce and internet finance in Busan.” “I can provide a loan of money.”
Candidate Kim also pledged to establish a’digital asset exchange’ in Busan at a press conference that day.
Candidate Kim said, “Busan has been designated as a special block-chain regulatory free zone, but it is not paying off properly.”
“The world’s 1st coin market transactions amounted to 13 trillion dollars in Korea and 100 billion dollars in the world”. “If a digital asset exchange is established in Busan, a digital asset trading ecosystem and market that surpasses the existing Busan capital market will be formed.” Emphasized.
He said, “We will establish a digital asset exchange based on the Munhyeon Innovation Zone, which is a special block chain regulatory free zone, and the newly created North Port Free Economic Zone.”
