South Korean Large Conglomerate Entering Bitcoin Remittance Market. The South Korean Congress, Dongbu Group, has announced a partnership with Bitcoin Sentbe remittance service provider to enter Bitcoin remittance market. The group collaborated with Sentbe through its savings subsidiary, the Dongbu Savings Bank. According to a savings bank official, a Memorandum of Understanding ) has been signed by partners to prepare for the fourth industrial revolution era. The South Korean Congress, Dongbu Group, has announced a partnership with Bitcoin Sentbe remittance service provider to enter Bitcoin remittance market. The group collaborated with Sentbe through its savings subsidiary, the Dongbu Savings Bank. According to a savings bank official, a Memorandum of Understanding ) has been signed by partners to prepare for the era of the fourth industrial revolution. "We have run this business alliance to prepare for the fourth industrial revolution era under the traditional savings business." received a financial technology award (fintech) for foreign remittance services utilizing Bitcoin in 2016. Through this service, customers can send money to #China, #Vietnam, Japan, #Indonesia and #Philippines at a cost that is 95 percent lower than that worn by the traditional bank.Groups Dongbu, sem that is, is a big conglomerate in South Korea. It produces industrial, chemical, shipping, finance and insurance products. Its subsidiary, Dongbu Savings Bank, is a member of the World Savings and Retail Banking Institute (WSBI). Through WSBI, the bank works with many financial institutions around the world, including Swedbank Sweden, Fra-Spa of Germany, Philippines Postal Savings, National Indonesia, State Savings Savings Bank of Sri Lanka and Savings Bank of Thailand Government.Korea South authorize remittances BitcoinThe South Korean government has changed the Transaction Law of Foreign Exchange to legalize the transfer of money #Bitcoin. #coin