Participation of 4,000 Financial Institutions… Pre-blocking of New Loan Transactions,
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, ‘To prevent illegal loan scams such as voice phishing and identity theft, the ‘Loan Transaction Safety Block’ service is being implemented.’,
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, ‘On the 23rd, financial authorities announced that the ‘Loan Transaction Safety Block’ service, which blocks new transactions for individuals in advance, will be implemented starting today. Financial consumers who have subscribed to this service can prevent illegal loan scams such as voice phishing by pre-blocking new loan transactions such as personal loans, card loans, and credit card issuances.’,
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, ‘A total of 4,012 financial companies (including unit cooperatives) including banks, financial investment firms, insurance companies, loan specialists, savings banks, mutual finance, and postal financial services are participating in the Loan Transaction Safety Block service. Financial consumers who wish to join the service can visit their current financial institution for identity verification.’,
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, ‘However, internet-based specialized banks, insurance companies (insurance contract loans), specialized loan agencies (financial and operating leases), and some financial companies and loan sectors that require additional time for system development are scheduled to be implemented next month.’,
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, ‘Financial authorities plan to allow non-face-to-face and proxy applications in the future to enhance user convenience. Furthermore, to prevent fraudulent bank accounts, they also plan to promote the Loan Transaction Safety Block service for non-face-to-face account openings. Kim Byung-hwan, the chairman of the Financial Services Commission, expressed his hopes that the Loan Transaction Safety Block service would become a reliable shield that safeguards the financial lives of the public securely.’