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Telecoms industry opposes no-fault compensation for voice phishing losses

South Korea\'s telecommunications industry has pushed back against discussions on extending no-fault compensation for voice phishing losses to telecom carriers. The Korea Telecommunications Operators Association said carriers do not manage financial transactions and are restricted from arbitrarily listening to or checking call and text content. It said telecom networks are a channel for information, while transfers and withdrawals occur within the financial system. It cited overseas examples and said carriers will keep strengthening prevention efforts with the government and finance sector.