The Ministry of Science and ICT decided to apply temporary deregulation to 10 products and services, including a mobile driving license and a hybrid taxi app meter.
SK Telecom, KT and LG U+ are planning to launch mobile driving license services based on the temporary deregulation. Any person with a plastic driving license card can apply for and register the smartphone-based ID card on the mobile carriers’ platforms, and then the ID card has the same effect as the plastic card. The mobile carriers are going to launch the services after preparing systems for personal information leakage prevention, forgery prevention, etc.
The mobile driving licenses are expected to result in a significant reduction in license reissuance cost. In 2017 alone, 1,042,812 cases of lost driving licenses were reported.
The hybrid taxi app meters, in the meantime, are expected to be released within this year by T-money, Lila Soft, SK Telecom and Kakao Mobility. The meters are characterized by incorporating a global positioning system (GPS) or an on-board diagnostics (OBD) system combined with a GPS.
The temporary deregulation is applied to Cashmallow’s personal identification code-based mobile exchange service as well. With this service, an inbound foreign tourist can apply for exchange or remittance on its mobile app abroad and then withdraw cash from an ATM in South Korea by using his or her personal identification code such as passport number. The upper withdrawal limit is one million won per withdrawal, US$3,000 per day and 15 million won per week.