NHN Payco Selected as 'Electronic Signature Certification Provider'... First Private Certificate

[Asia Economy Reporter Bu Aeri] NHN PAYCO announced on the 27th that it has been recognized as an 'Electronic Signature Certification Provider' by the Ministry of Science and ICT, becoming the first private certificate provider in Korea to receive this recognition.

The Ministry of Science and ICT operates the 'Electronic Signature Certification Provider Recognition and Evaluation' system to ensure the stability and reliability of electronic signature certification services. A private evaluation agency assesses electronic signature certification service providers, and the Korea Internet & Security Agency (KISA) reviews the appropriateness of the evaluation results to decide on recognition.

NHN PAYCO was acknowledged for its service stability and security capabilities that meet the operational standards for electronic signature certification, becoming the first to obtain the electronic signature certification provider qualification since the system's implementation.

In December last year, NHN PAYCO was selected as the final operator of the 'Public Sector Electronic Signature Pilot Project' led by the Ministry of the Interior and Safety, applying the 'PAYCO Certificate' to major public services including the National Tax Service Hometax and Government24.

With this acquisition, the 'PAYCO Certificate,' which has gained increased credibility, has laid the groundwork to expand its usage across various sectors such as public and financial services.

The PAYCO Certificate is also expected to secure a favorable position in targeting the MyData market. From January next year, private certificates that have been evaluated and recognized by electronic signature certification providers can be applied as integrated authentication methods for MyData services.

Launched in September last year, the PAYCO Certificate is applied to public services such as the National Tax Service Hometax, Government24, National Health Insurance, National Secretary, People's Petition, Personal Customs Unique Number, and Wetax, as well as NHN affiliates' services. An additional 50 public services will adopt it in the second half of this year.

NHN PAYCO stated, "Based on objectively proven reliability, the PAYCO Certificate will establish itself as an electronic signature service chosen by more institutions and citizens."

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