Open KakaoBank Account with Mobile Driver's License... First Internet Bank to Do So

[Asia Economy Reporter Buaeri] KakaoBank announced on the 28th that it will introduce the 'Mobile Driver's License Service,' becoming the first internet-only bank to do so. Using the mobile driver's license, customers will be able to open deposit and withdrawal accounts.

The mobile driver's license is a digital ID issued to an individual's smartphone through the Ministry of the Interior and Safety's mobile ID application, which can be used for both face-to-face and non-face-to-face identity verification.

Customers who have registered their mobile driver's license can select the mobile driver's license stored on their smartphone during the ID submission step when opening a KakaoBank deposit and withdrawal account, without taking a photo of a physical ID. They then proceed sequentially through 'facial recognition' and 'password authentication' before submitting.

Afterward, the account opening is completed by undergoing additional identity verification such as transferring from another bank account, taking a selfie, or video calling according to the non-face-to-face real-name verification process.

According to KakaoBank, customers can conveniently conduct financial transactions using the mobile driver's license stored on their smartphones, reducing the risks of forgery, damage, and fraudulent use of IDs, enabling safe account opening.

On the same day, KakaoBank also participated in the 'National Launch Ceremony for Mobile Driver's License Issuance' hosted by the Ministry of the Interior and Safety in the morning, demonstrating the process of opening an account using the mobile driver's license.

Yoon Ho-young, CEO of KakaoBank, said, "We will expand the service to allow the use of mobile driver's licenses for all transactions, providing financial consumers with a safer and more convenient non-face-to-face financial transaction environment."

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