The public certificate will disappear from the 10th. In the future, various private companies can identify themselves with electronic signature services instead of public certificates issued by public institutions. The name of the certificate will also be changed to “joint certificate.”
In the future, issuing certificates, which used to be able to visit banks in person to verify their identity, will be possible through non-face-to-face methods such as PCs and mobile phones. Instead of a complicated password of more than 10 digits, one can use biometric information such as iris or fingerprint or simple PIN. Executable files such as Active X, firewall, and keyboard security programs do not need to be installed separately.
Therefore, it is possible to use certificates from private companies such as Kakao Pay or Pass instead of official certificates in the year-end settlement of workers early next year. The public certificate used may be used up to the expiration date and a joint certificate issued in the same way as the public certificate may be used after 10 days.
Currently, the official certificates have been issued by six state-recognized organizations, including the Korea Financial Telecommunications and Clearings Institute, Korea Information Certification, Korea Electronics Certification, Koscom, Korea International Trade Information and Communication, and Initech. The official certificate issued in this way has superior legal effect. Public institutions had to use one of the certificates issued by six organizations to identify themselves. After Thursday, legal guarantees will disappear, and public certificates will become one of the private certificates.
There are more types of certificates that can be used in the future, and public institutions and financial institutions can choose certificates from various private companies such as Kakao Pay, NHN Payco, and Pass. Already, various private companies, including Kakao, Naver and three telecom companies, have released civilian certificates. As of the end of last month, the cumulative number of PASS certificates issued jointly by the three telecommunication companies reached 20 million. IT companies such as Naver and Toss have also entered the electronic signature market by releasing civilian certificates.
The government plans to use civilian certificates for year-end settlement of workers from early next year. Five companies were selected as candidates: Kakao, KB Kookmin Bank, NHN Payco, Pass, and Korea Information Certification. It plans to select a pilot operator at the end of this month and use civilian certificates from next year.
The government also introduced the ‘Electronic Signature Certification Work Evaluation and Recognition System’ in the enforcement ordinance to assess the safety of civilian certificates. The evaluation agency selected by the Minister of Science and ICT will evaluate the operator’s compliance with operating standards. Accordingly, only companies that have prepared security devices such as measures to prevent forgery and protect facilities and data can release civilian certificates.