Korea Minting and Security Printing Corporation Expands 'Security Solution' Business in Collaboration with IT Specialist Companies

On the 25th, Ban Jang-sik, President of the Korea Minting and Security Printing Corporation (right), and Sang Doo-hwan, CEO of Mark One Technology Co., Ltd. (left), are taking a commemorative photo after signing a business agreement. Photo by Korea Minting and Security Printing Corporation

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Korea Minting and Security Printing Corporation (KOMSCO) is seeking to expand its security solution business through collaboration with a private IT specialized company.

On the 25th, KOMSCO announced that it signed a memorandum of understanding (MOU) with Martone Technology to mutually cooperate in discovering new business opportunities related to Information and Communication Technologies (ICT) security solutions and mobile identification cards.

Based on the agreement, both parties will join forces to promote technological cooperation and business advancement in the IT security solution sector, explore opportunities for collaboration on mobile ID-linked services, and discover cooperative projects in the digital new business field.

The security solution business involves KOMSCO expanding its anti-counterfeiting and tampering prevention technologies, established in the physical economy, into the digital realm by applying security modules to devices such as fuel dispensers and meters to prevent counterfeiting and tampering.

The security module is a hardware-type anti-counterfeiting and tampering prevention device installed in various Internet of Things (IoT) devices, enabling secure management and storage of device authentication, encrypted communication, and critical data. It plays a key role in guaranteeing the trustworthiness of information exchanged between devices in the hyper-connected era.

KOMSCO has accumulated advanced anti-counterfeiting and tampering prevention technologies while conducting IT security projects in the public sector, such as electronic sealing of fuel dispensers and protection of smart grid data, as well as national mobile ID projects including mobile government employee IDs and driver’s licenses.

Martone, established in the early 2000s, is an IT specialized company that has developed various IT solutions through communication networks and IoT devices, contributing to KOMSCO’s discovery of new digital business areas.

KOMSCO President Ban Jang-sik stated, “KOMSCO will strive to strengthen its role as a ‘security guardian’ in the digital transformation era by combining the know-how accumulated through security solution and public projects with Martone’s technology.”

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