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Finance

PG industry moves to jointly counter fraudulent payments to close gap missed by banks\' FDS

South Korea\'s payment gateway industry has moved to a joint response after a security gap emerged in which suspicious transactions that pass financial firms\' fraud detection systems are not blocked at the PG stage. The Financial Supervisory Service and the Korea Fintech Industry Association launched an online fraudulent payment response consultative body on Tuesday with major PG firms, the Financial Security Institute and experts. The body will share cases, draft standard guidelines by November and link them with supervision.

AI & Enterprise

OpenAI offers token awards to big API users, steps up developer push

OpenAI has launched a strategy to lock in developers by giving physical awards to companies that use large volumes of its API tokens. The Tokens of Appreciation program offers three tiers based on cumulative usage. In South Korea, Danggeun received a black token and Platyter received a silver token. OpenAI Korea said the goal is to draw developer communities into its ecosystem. The company is also expanding partnerships to spread Codex.

Telecommunications & Media

Bamito Wi moves to block illegal tracker device sales

The Broadcasting Media and Telecommunications Commission said on Thursday it will strengthen online platform self-regulation and conduct inspections to curb the distribution of illegal location trackers used for stalking and other violent crimes. It plans to display warning messages on major shopping sites and send caution notices on second-hand trading platforms. The commission will also check about 3,200 location information businesses and seek crackdowns on illegal devices with the science ministry.