[Special Stock] Korea Electronic Certification, Effect of Abolishing Official Certification Begins... Opportunity to Lead Future Authentication Technology

[Asia Economy Reporter Hyungsoo Park] Korea Electronic Certification is showing strong performance. The news that it is expanding convenient and secure authentication services through Toss Authentication seems to have influenced the stock price.

As of 1:37 PM on the 26th, Korea Electronic Certification is trading at 8,230 KRW, up 3.91% from the previous day.

With the amendment of the Electronic Signature Act passing the 20th National Assembly, the official certification system was abolished, opening the way for various electronic signature services. Korea Electronic Certification, the first domestic authentication service provider, is actively offering various electronic signature services such as Toss Authentication, biometric authentication, and cloud authentication.

Since January 1, 2000, Korea Electronic Certification has partnered with VeriSign to establish a global certification center, and to this day, it provides world-class global certification services as a leading global certification authority in Asia.

Korea Electronic Certification has signed an authentication business partnership with Toss, a mobile financial platform company, and is actively providing Toss Authentication services to 17 million users.

Toss Authentication is a super-simple authentication service based on Toss, allowing identity verification and electronic signatures through the Toss app without using a separate ID or password. Currently, the cumulative number of issued Toss Authentication certificates is approaching 11 million. It has been applied to institutions such as Suhyup, Samsung Fire & Marine Insurance, KB Life Insurance, and The-K Non-Life Insurance, with banks and securities companies planning to adopt it additionally.

Korea Electronic Certification has been distributing various authentication methods such as biometric (FIDO) authentication and cloud authentication. In particular, CloudSign applied to the National Tax Service's Hometax is a representative example of a simple electronic signature service combining fingerprint biometric authentication and cloud authentication. Since the recent passage of the Electronic Signature Act, inquiries related to its adoption have more than doubled.

Vice President An Gunsik of Korea Electronic Certification said, "With the amendment of the Electronic Signature Act, professional certification authorities will face new opportunities," adding, "We plan to continuously expand global certification businesses, including future authentication technologies such as V2X authentication."

This content was produced with the assistance of AI translation services.