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Finance

Toss, Kakao Pay and Naver Pay to expand access to resident ID verification network

Toss, Kakao Pay and Naver Pay will be able to use the government’s resident registration card authenticity verification network. Use by electronic financial businesses had been limited due to a lack of legal grounds, but the agreement is expected to strengthen identity checks in non-face-to-face financial transactions. The three companies signed an MOU with the Ministry of the Interior and Safety, the Financial Supervisory Service and the Korea Financial Telecommunications and Clearings Institute, and are included among eligible institutions this year.

Telecommunications & Media

Broadcast Media Communications Commission launches online I-PIN issuance for teens 14 and older

South Korea\'s Broadcast Media Communications Commission said on June 30 it will fully implement online issuance of I-PINs for teenagers aged 14 and older. It is working with the Ministry of the Interior and Safety, a public MyData expansion task force, KAIT and three I-PIN issuers including NICE Information Service, Seoul Credit Rating and Korea Credit Bureau. The change allows immediate online issuance with legal guardian consent even without a phone in the teen’s name.

AI & Enterprise

AI security battle intensifies as agentic AI reshapes market

Competition in the tech industry is being reshaped around AI agents, and security is increasingly moving with it. Companies including Snowflake are expanding into AI while stepping up security capabilities and governance. Microsoft unveiled an AI agent-based platform for automatically detecting software vulnerabilities and added automated device isolation to its endpoint security product. Workday introduced an independent verification feature for agent deployment, while Cisco strengthened security and governance for local AI agents.