K-DID

Governing entity

Ministry of Interior and KOMSKO SOE

Status of implementation

Active

Legally binding redress mechanism

NA

URL

NA

Last Updated

01/10/24

Claim digital ID

YES

ID or Civil Registry Act

YES

Regulation for digital ID

NO

Identity act codifies legal status

NA

Identity act sets up procedural rules for data management

NA

Identity act clarifies relationship with feeder documents

NA

Terms of data storage and sharing available

NA

National Data Protection Act exists

YES

Data leak disclosure process exists

YES

Data handling terms exist

NA

Uses biometrics

YES

Enables authentication

YES

Enables KYC

YES

Enables authentication via government portal

YES

Two or more sectoral use cases enabled

YES

BOK Wire +/Retail Payment System

Payment system type

Interbank payment system

Status of implementation

Active

Operator

Central bank

National or Regional

National

Annual value of transactions (USD)

NA

Annual volume of transactions

NA

Cost of transactions

NA

Participants

NA

Types of transactions supported

P2P, P2M, B2B

Type of settlement system

NA

URL

https://www.bok.or.kr

Last Updated

01/10/24

Active real-time payment system

YES

Cross-border payments

NA

QR code transactions

NA

Bank participation

YES

Non-bank participation

NA

Interoperability policy

NA

Participation rules

NA

Data-handling rules

NO

Reporting forum

NA

AML Law

YES

Base technical architecture

NA

Status of implementation

Pilot

Governing Entity

National Information Society Agency

Coordination unit

National Information Society Agency

National or Regional

NA

Sector-specific or Cross-sectoral

Cross-sectoral

Permitted participants

NA

Ownership

Public

URL

https://thedocs.worldbank.org

Last Updated

01/10/24

Semantic interoperability

YES

Real-time sharing

NA

Scalable architecture

NA

Auditable

NA

Procedural rules for data mgmt

NA

Enrolment and participation information

NA

Used by more than one public entity

NA

Impact metrics

NA