Samjong KPMG Strengthens Collaboration with Itas Korea to Enhance Automotive Security Business

[Asia Economy Reporter Minji Lee] On the 26th, Samjong KPMG announced on the 27th that it signed a Memorandum of Understanding (MOU) with Itas Korea at Samjong KPMG headquarters in Gangnam-gu, Seoul, to strengthen and collaborate on the automotive security business.

Itas Korea, a leading company in automotive and embedded solutions, is building a comprehensive portfolio of expertise, consulting, software solutions, and security services for both general and commercial vehicles in the automotive security field through its subsidiary, Ascript. Through this MOU, Samjong KPMG plans to jointly provide consulting for establishing and operating vehicle cybersecurity management systems to domestic automakers and parts manufacturers with Ascript, Itas Korea’s embedded security subsidiary.

Sanjeong KPMG Consulting Division CEO Daegil Jeong (left) and Itas Korea CEO Youngsoo Jeong (right) are taking a commemorative photo after signing a business agreement related to automotive security on the 26th. / Photo by Sanjeong KPMG

In June, the United Nations Economic Commission for Europe’s World Forum for Harmonization of Vehicle Regulations (UNECE/WP29) adopted the “Cyber Security Management System (CSMS) Law,” which mandates cybersecurity items in vehicle type approval due to increased vehicle connectivity and the resulting rise in cybersecurity threats.

Accordingly, new vehicles registered in Europe after July 2022 must demonstrate consideration of cybersecurity in product development. Manufacturers and parts suppliers are required to obtain certification for their cybersecurity management capabilities. To this end, domestic manufacturers and parts suppliers must establish a Cyber Security Management System (CSMS) that can define, control, manage, and improve cybersecurity throughout the entire value chain of vehicle production.

Samjong KPMG’s Cybersecurity Services Team, composed of security experts including information security, digital technology security, OT (operational technology) security, and white-hat hackers, generates extensive expertise in establishing information protection management systems, including security analysis, planning, design, execution, and monitoring, providing proactive and integrated information security services that protect the value of clients and companies.

Daegil Jung, Head of Consulting at Samjong KPMG, stated, “With complex data connectivity, cybersecurity issues have become a constant core challenge for companies. The combination of Samjong KPMG’s cybersecurity expertise and Itas Korea’s automotive cybersecurity specialization will contribute to helping corporate clients meet global security standards and enhance comprehensive cybersecurity management capabilities covering vehicles and infrastructure.”

Youngsoo Jung, CEO of Itas Korea, said, “Now, all domestic automakers and parts suppliers must mandatorily consider cybersecurity regulations to obtain vehicle type approval. Itas Korea, together with Samjong KPMG, will support customers in establishing effective cybersecurity management systems and operating them efficiently to obtain type approval at optimal costs.”

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