{"id":402,"date":"2026-04-22T06:55:28","date_gmt":"2026-04-22T06:55:28","guid":{"rendered":"https:\/\/kstories.kr\/en\/tec260421002-en\/"},"modified":"2026-04-22T08:04:05","modified_gmt":"2026-04-22T08:04:05","slug":"tec260421002-en","status":"publish","type":"post","link":"https:\/\/kstories.kr\/en\/tec260421002-en\/","title":{"rendered":"The Revised Electronic Financial Transactions Act is Not Difficult! Kiwoong Information & Communications’ ‘Non-Face-to-Face real-name verification Service’ Offers the Solution"},"content":{"rendered":"
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The Revised Electronic Financial Transactions Act is Not Difficult! Kiwoong Information & Communications' 'Non-Face-to-Face real-name verification Service' Offers the Solution<\/div>\n

Kiwoong Information & Communications, a data service platform specialist, has launched a 'Non-Face-to-Face real-name verification Service' designed to simultaneously support prepaid business operators with regulation response and sales expansion in accordance with the revised Electronic Financial Transactions Act, which took effect in September 2024. This service perfectly fulfills the strengthened Anti-Money Laundering (AML) and Customer Due Diligence\/Enhanced Due Diligence (CDD\/EDD) obligation, duty, gaining attention as a core, key solution for the business sustainability of the prepaid industry.<\/p>\n

Section 1<\/h2>\n

Kiwoong Information & Communications (CEO Choi Byung-in), a data service platform specialist company, has launched its 'Non-Face-to-Face real-name verification Service,' which simultaneously addresses prepaid business operators' regulation response and sales expansion, in accordance with the revised Electronic Financial Transactions Act (Jeon-geum-beop) implemented in September 2024. The core, key of this service lies in perfectly fulfilling the Anti-Money Laundering (AML) and Customer Due Diligence\/Enhanced Due Diligence (CDD\/EDD) obligation, duty required by the revised regulations. Kiwoong Information & Communications' 'Non-Face-to-Face real-name verification Service' can preemptively block the disposition risk from the Financial Supervisory Service and reduce corporate legal liabilities through a step-by-step verification system that includes physical image OCR recognition and forgery\/alteration verification, identity card authenticity confirmation, and non-face-to-face account real-name verification. Especially, if advanced security is required, it can be immediately linked with face recognition services, raising the reliability of authentication, verification, certification to the level of financial institutions.<\/p>\n

Through security verification, if user identification conditions are met, the prepaid top-up, charge limit, which was restricted to 500,000 won for anonymous use, is immediately raised to 2,000,000 won. From the perspective of prepaid business operators, by resolving payment limit restrictions, they can establish a foundation to increase service utilization and maximize sales.<\/p>\n

Kim Jong-ho, Managing Director at Kiwoong Information & Communications, stated, "As the regulation Environment for the prepaid industry has been elevated to the financial sector level, swift and accurate real-name verification has become a core, key variable determining business, project, enterprise sustainability," and he emphasized, "Through this service, which integrates advanced technologies such as facial recognition, we will support prepaid business operators in resolving legal risks and strengthening their business competitiveness."<\/p>\n

Kiwoong Information & Communications has already proven its technological capabilities and stability by supplying related services to large domestic prepaid business operators like C-Pay. In addition, it is actively discussing implementation with numerous promising prepaid business operators and is solidifying its position as a data service platform by presenting a new standard for the non-face-to-face authentication, verification, certification market.<\/p>\n

Kiwoong Information & Communications' 'Non-Face-to-Face real-name verification Service' will be an essential solution that helps prepaid business operators resolve legal risks and achieve stable business, project, enterprise operation and continuous growth in the strengthened Electronic Financial Transactions Act environment. Kiwoong Information & Communications' future steps are anticipated as it presents a new standard for the non-face-to-face authentication, verification, certification market with innovative technology.<\/p>\n

English-Korean Version<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Revised Electronic Financial Transactions Act is Not Difficult! Kiwoong Information & Communications' 'Non-Face-to-Face real-name verification Service' Offers the Solution…<\/p>\n","protected":false},"author":10,"featured_media":432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[521,522,524,519,518,523,184,516,517,520],"class_list":["post-402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-economy","tag-aml","tag-cdd","tag-data-service","tag-eft-act","tag-electronic-financial-transactions-act","tag-facial-recognition","tag-fintech","tag-kiwoong-information-communications","tag-non-face-to-face-real-name-verification","tag-prepaid-business-operator"],"_links":{"self":[{"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/posts\/402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/comments?post=402"}],"version-history":[{"count":2,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/posts\/402\/revisions"}],"predecessor-version":[{"id":433,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/posts\/402\/revisions\/433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/media\/432"}],"wp:attachment":[{"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/media?parent=402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/categories?post=402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kstories.kr\/en\/wp-json\/wp\/v2\/tags?post=402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}