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The accredited certificate will be repealed as of tomorrow.
According to the Ministry of Science, ICT and ICT on the 9th, the dominant position that the government has given to the accredited certificate will disappear from the 10th due to the revision of the ‘Electronic Signature Law’. A public certificate is a certificate that allows you to verify your identity on the Internet and was developed in 1999.
Meanwhile, the government has selected six accredited certification institutions, including the Korea Financial Information and Clearance Certification Agency, so that only these authorities can issue accredited certificates. When the monopoly status of these organizations disappears, both public certificates and electronic signature services issued by private companies become “joint certificates”.
Just because a public certificate loses its monopoly status doesn’t mean you can’t use it. If you have received an existing credited certificate, you can continue to use it until the expiration date has expired. After the expiration date, you can renew it with a joint certificate or issue a private certificate.
In the future, public institutions and banks will also be able to use various private certificates. The system in which you had to verify your identity in person and obtain a certificate will also change. You can also obtain a certificate from a personal computer or mobile phone. Even complex passwords with more than 10 digits disappear. Biometric information such as iris and fingerprint can be used, or a simple password (PIN).
When using a financial institution, you can use a joint certificate or a certificate issued by each bank. Private certificates can be used by financial institutions such as insurance companies or banks affiliated with each company. Most banks can also issue financial certification services developed by the KFTC. If you download a financial certificate and save it in the KFTC cloud, you can use it on your computer or mobile device.
Private certificates can also be used for year-end settlement early next year. The five candidates that private companies can use for the year-end settlement are Kakao, KB Kookmin Bank, NHN Payco, Pass, and Korea Information Certification. The government plans to use a private certificate for the year-end settlement starting next year after selecting a pilot project later this month.
Private companies such as Kakao Pay and Pass use security technologies such as structures based on public keys (PKI) or virtual identification methods (Virtual ID), just like public certificates. These companies guarantee security based on this.
Reporter Lee Song-ryul [email protected]
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