It is

quite cumbersome to renew or reissue the <Anchor> , and the official certificate, which has been expired, has disappeared into history. Yesterday (20th), at the plenary session of the National Assembly, an amendment to the Digital Signature Act was passed to abolish the exclusive status of accredited certificates.

How it will change, reporter Chan-Keun Park explains.

<Reporter> If the

revised digital signature law is enforced six months later, the organizations that have issued public certificates will no longer be able to use the term 'authorized'.

The name 'authorized' is removed, but existing certificates can be used.

The KFTC intends to increase the short period of validity, which has been pointed out as a disadvantage, to three years, and introduce simple authentication such as fingerprints and patterns to compete with private certificates.

There is not much change in financial life such as online banking or online shopping payment.

This is because in 2014, cards, banks, and insurance companies have already abolished the system that mandates the use of public certificates.

In the private sector, simple authentication methods using only fingerprints or passwords such as Kakao Pay authentication, pass, and bank sign have become widely established.

Changes are inevitable for some public institution services that have only accepted official certificates such as year-end settlement.

As the status of 'accredited' disappears, it is highly likely that a private certificate with convenience will replace the existing accredited certificate.

It is a general assessment that the security of private certificates is not lagging behind.

[Oh Jung-geun / Chairman of Korea Financial ICT Convergence Society: More securely, in recent years (in the private sector), with the advent of blockchain ... It is a payment system that does not have any hacking or such problems as it is almost perfect.] As the

era of monopoly of accredited certificates comes to an end in 21 years, technological development and service competition in the electronic signature market will be promoted.