Article 2
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Mobile ID means an ID authentication process whereby, after a securities firm obtains the consent of a principal, the principal first verifies through a third-party authentication institution with the telecommunications carrier of the principal, using the principal’s mobile device with a SIM card that has a service number with 4G or higher technology, the mobile telephone number, national ID number, and date of birth of the principal against the application data of the mobile service number subscriber from the telecommunications carrier to confirm consistency, then notifies the securities firm.
For the purposes the preceding paragraph, a service number with 4G or a higher generation of technology means a service number for which a principal applies over the counter at a direct selling store of a telecommunications carrier by delivering the principal’s national ID card and a second authenticable identification document and completing signing in person, excluding service numbers of stored value cards, child supplementary cards, prepaid cards, and corporate cards, and also service numbers for which applications are made through an agent etc., where it is impossible to identify the application as made and personally signed by the principal itself.
For the purposes of these matters, a third-party authentication institution means an approved certification authority as publicly announced by the Ministry of Digital Affairs in accordance with Article 11, paragraph 4 of the Electronic Signatures Act.
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