The Korea Federation of Banks (KFB) Chairman Cho Yong-byoung paid a visit to Poland yesterday to sign a memorandum of understanding (MOU) on financial cooperation between South Korea and Poland, Korean news media The Korea Economic Daily <a href="https://www.hankyung.com/article/202403265819i" rel="noopener noreferrer nofollow">reported</a>. The MOU was signed by Chairman Cho and the Polish Bank Association (ZBP) President, Tadeusz Białek.The partnership aims to strengthen bilateral financial collaboration, which will be backed by holding joint financial conferences, sharing information on financial regulations and training financial experts.<h3 id="joint-seminar-on-digital-finance-blockchain-and-ai">Joint seminar on digital finance, blockchain and AI</h3>Following the MOU signing ceremony, the two associations conducted a joint seminar on digital finance, economy and the banking industry. The event was attended by Korea&#39;s Financial Services Commission (FSC) Chairperson Kim Joo-hyun, representatives of KFB members, President Białek and executives of Polish banks.Among the mainly discussed topics were Korea&#39;s digital financial landscape and its digital banking industry, along with the Polish economy and its banking industry. In particular, the participants focused on innovative changes in the financial industry brought by cutting-edge technology such as blockchain, AI and big data.During the conference, Chairman Cho expressed his commitment to bolstering the bilateral partnership, stating that the Korean banking industry will support local companies in expanding their businesses in Poland.

Korean banks cooperate with Polish counterparts in digital finance and blockchain

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