Daejeon City to Prevent Unauthorized Distribution of Ontong Daejeon... Intensive Monitoring This Month

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is taking measures to prevent fraudulent circulation of the local currency Ontong Daejeon.

The city announced on the 17th that it will establish the 'Ontong Daejeon Fraud Prevention System' and begin full-scale operation starting this month.

The fraud prevention system operates by using a dual filtering role through Hana Card's FDS (Fraud Detection System) and Ontong Daejeon's operator's big data monitoring system to prevent suspicious payment cases and strengthen fraud prevention.

Hana Card's FDS was completed on the 30th of last month and is currently in operation, while Ontong Daejeon's big data monitoring system will be fully operational starting with this month's payment data.

In particular, the city plans to intensively monitor fraud cases during the Ontong Sale period from the 14th to the 31st of this month.

Key suspicious cases include ▲ continuous high-value or multiple payments by a specific person or specific merchant ▲ multiple high-value payments to new businesses ▲ repeated high-value or multiple payments within a short time ▲ continuous high-value payments at merchants that usually handle small payments.

The city plans to analyze cases alongside system operation to develop and advance scenarios for effectively responding to fraud cases involving Ontong Daejeon.

Additionally, if fraud related to Ontong Daejeon is confirmed, the city plans to impose fines up to 20 million KRW according to relevant laws and report the cases to related agencies such as the National Tax Service and the police.

Go Hyun-deok, Director of the City’s Job and Economy Bureau, said, “The ultimate goal of establishing the system is to prevent fraudulent circulation,” adding, “We will ensure that Ontong Daejeon fully benefits more citizens.”

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