Infrastructure for Electronic Financial Transactions in Korea: Current Status and Policy Issues

국내 금융거래전자화를 위한 하부구조 구축: 현황 및 정책과제

As the computer-based electronic processing of financial transactions become more and more popular in financial areas, the need for more efficient and secure infrastructure has been increased. This Paper addresses the current status and Policy issues in building such infrastructure for electronic financial transactions in Korea. We examine our financial computer networks, electronic payment and clearing systems, standardization, and related laws, comparing with those in United States, Japan, and European countries and suggest policy recommendation in each area.