“I will only see personal information in a financial accident” to “The right to compulsory information collection and investigation is a problem
“Bank Brother Big Brother” “Does not collect internal bank transaction details”
The buzz between the Bank of Korea and the Financial Services Commission in conflict over the amendment to the Electronic Financial Transactions Act is getting hotter.
When the BOK stipulated the amendment of the Financial Services Commission as the’Big Brother (Social Supervision and Control Power) Act’ due to the possession and abuse of personal transaction information, Eun Seong-soo, chairman of the Financial Services Commission, “is an excessive exaggeration.
“I’m a little angry,” he directly refuted, and after two days, Han Eun re-refuted.
Earlier on the 19th, in a meeting with reporters, Chairman Eun dismissed, saying, “Can you call the news agency Big Brother because my phone call records remain on the carrier?”
The BOK that there is a problem with the contents of the amendment that the Financial Services Commission can look into, and all personal charging and transaction details through payment and payment methods of big tech (big information communication companies) such as Naver Pay and Kakao Pay are collected in one place It is a counterargument to criticism.
However, a high-ranking BOK official said on the 21st, with regard to the remarks of the chairman, “It is a clear error to take the telecom company’s call information as an example that has nothing to do with the core of the revised bill of compulsory collection and investigation of personal information.” “If you put them in one place and let the government look into it, you have no choice but to be a big brother.”
Chairman Eun explained the purpose of the amendment to personal transaction information, saying, “When there is a (financial) case, the financial authorities are trying to see who is the owner of the funds by receiving data according to the law.” Is a reaction.
A high-ranking BOK official emphasized, “Because the Big Brother issue is a result of forcibly concentrating enormous amounts of information on people’s daily transactions, it is not resolved by limiting it to a specific case.”
“If the amendment to the Electronic Financial Transactions Act is passed, the Financial Services Commission will have an excessively wide range of access rights to transaction information owned by the KFTC through the authority to supervise the KFTC and request data submission.”
According to the BOK’s logic, the BOK’s position is that Chairman Eun’s point that the BOK is self-confident as a big brother is different from the facts.
Chairman Eun said, “Currently, personal funds transfer information goes to the KFTC, and KFTC is now in charge of the KFTC.
Han Eun is talking about himself as Big Brother.”
However, the BOK explained that the details of internal transactions exchanged within the same bank are not transmitted to KFTC, and in the case of external transactions remitted to other banks, only the minimum information necessary for the transfer of funds is transmitted to KFTC.
An official from the BOK said, “The KFTC currently shares only the minimum information necessary to process external transactions connected to different financial institutions. Unlike this, the amendment is a big tech internal transaction that contains transaction information related to personal privacy such as Internet shopping history. It is a problem because it collects even.”
On the 19th, when the contents of the public refutation by Chairman Eun were confirmed, the BOK shared such opinions and positions on the areas that needed to be refuted through internal meetings.
It is known that this was reported to Governor Lee Ju-yeol.
Governor Lee and Chairman Eun, who attended the macroeconomic and financial meeting earlier on the 18th, met separately after the meeting and chatted privately for about 30 minutes.
Accordingly, it was predicted that the conflict related to the amendment to the Electronic Financial Transactions Act, which is a major issue between the two institutions, will find clues, but after the meeting of the two heads, the goal of the conflict deepens.
/yunhap news