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Era of mobile IDs

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14.10.2019
Sure-fire security measures needed to dispel worries

South Koreans will be able to make financial transactions by just using their mobile IDs on their smartphones as early as this month. If the system goes into effect as scheduled, customers can open bank accounts and transfer funds using these IDs without needing their resident registration cards or drivers' licenses.

The Korea Financial Telecommunications & Clearings Institute (KFTC), a government organization tasked with expediting secure and convenient payment service, is........

© The Korea Times