Korea Minting and Security Printing Corporation Accelerates Digital Transformation Including Mobile Driver's Licenses

On the 8th, Ban Jang-sik, president of the Korea Minting and Security Printing Corporation, held a meeting with employees. Photo by Korea Minting and Security Printing Corporation

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Korea Minting and Security Printing Corporation (KOMSCO) is accelerating digital transformation toward ICT companies this year.

On the 8th, KOMSCO held a ‘Small Success Heroes’ meeting to mark the first anniversary of President Ban Jang-sik’s inauguration and announced that this year will be the first year to expand the application of advanced anti-counterfeiting technologies and to establish itself as a specialized institution for mobile IDs and electronic signatures.

‘Small Success Heroes’ refers to employees who have created successful cases in their work through process improvement, quality innovation, and cost reduction and have been commended.

Currently, KOMSCO is focusing on ICT business sectors such as ▲mobile IDs ▲common infrastructure for electronic signatures ▲mobile gift certificates ▲IoT security module business, judging that digital transformation is an urgent task as a cashless society is fully arriving.

As a result, KOMSCO was designated as a specialized institution for mobile IDs and electronic signatures by the Ministry of the Interior and Safety in March last year, and since the 27th of last month, it has started a pilot project for mobile driver’s licenses centered on Seoul and Daejeon.

After the pilot project, the issuance target will be expanded to the entire population from July, and it plans to issue at least 1 million mobile driver’s licenses this year.

The mobile driver’s license is expected to greatly enhance convenience in daily life when using banks, convenience stores, unmanned liquor vending machines, rental cars, and more.

In particular, KOMSCO anticipates that the mobile driver’s license will bring a major innovation to citizens’ lives by enabling users to secure Self-Sovereign Identity. Self-Sovereign Identity refers to the right of users to manage their own identity verification and choose the disclosure targets and scope.

Along with this, KOMSCO plans to expand the ‘common infrastructure for electronic signatures’ project to other public institutions this year.

The common infrastructure for electronic signatures project refers to integrating and providing private certificates in the form of a library so that citizens can safely and conveniently use electronic signature authentication services on major public websites.

Previously, KOMSCO signed a business agreement with the Ministry of the Interior and Safety to activate the common infrastructure for electronic signature authentication, and has so far signed agreements with over 50 government agencies including the National Tax Service to provide related services.

KOMSCO also strengthened its dedicated ICT organization to accelerate digital transformation. It expanded personnel in related departments, recruited an expert from a leading domestic IT company as a full-time director, and concentrated a significant portion of new investments on ICT.

President Ban said, “We will set challenging goals and implement this year’s business plan with cost and profit concepts in mind. Above all, we will strive to create a great company and a happy workplace by continuously discovering successful cases based on cooperation and communication, cultivating a creative and challenging corporate culture with our employees.”

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