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Crypto

Government to tighten tracking of cross-border digital asset transfers

The government will centrally manage records of digital assets moved to overseas exchanges or personal wallets through the Bank of Korea’s foreign-exchange information network. The Finance and Economy Ministry said it will issue for public comment an enforcement decree revising the Foreign Exchange Transactions Act. The draft details the scope, registration requirements and reporting duties for virtual asset transfer services and aims to improve monitoring of cross-border flows and detect evasion and illegal transactions faster.

Telecommunications & Media

LG Uplus runs mobile stores for customers in remote island and mountain areas

LG Uplus said on Tuesday it will operate a "mobile store" that visits remote island and mountain areas and digitally vulnerable customers who find it hard to visit stores. The company said it converted a Hyundai Solati vehicle into a space for customer consultations and training so users can access telecom services and digital education in places without fixed stores. The service will be deployed in the Yeongnam and Honam regions.

AI & Enterprise

Hecto Data expands remote identity verification services, adds passport recognition support

Hecto Data said on Tuesday it will add passport recognition support to its ID and document OCR services. The company said its ID OCR now supports four types: resident registration cards, alien registration cards, driver's licenses and passports. Its document OCR covers corporate registry certificates, corporate seal certificates and business registration certificates for individuals and companies. It also introduced liveness and face-match services and provides its OCR via APIs through a developer center.