Remarks by the National Assembly Planning and Finance Committee… Big Brother Controversy
–
Bank of Korea governor Lee Ju-yeol reaffirmed on the 23rd, “The revised bill of the Electronic Financial Transactions Act (the Electric Money Act) is correct with the Big Brother (social monitoring and control power) Act.”
This is a refutation of the remarks that Eun Seong-soo, chairman of the Financial Services Commission, said this amendment was not a big brother.
Governor Lee answered questions about payment and settlement at the general meeting of the National Assembly’s Planning and Finance Committee on that day from Rep. Park Hyung-soo and Justice Party Rep. Jang Hye-young.
Governor Lee said, “The fact that the information was forcibly gathered together is a big brother,” he said. “I take a telecommunications company as an example where the money law is not a big brother, but this comparison is inappropriate.”
Earlier on this month, on the 19th, Director Eun dismissed, “Can I call the mobile operator Big Brother because my phone call records remain on the mobile operator?” and dismissed “(Han Eun’s point of Big Brother) that it makes no sense.”
The BOK said 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 When this pointed out, it was countered.
However, on this day, President Lee emphasized, “It is true that the news agency cannot be viewed as a big brother, but if you can gather information from multiple news agencies and look into it, that is the case.”
He also asserted that the Financial Commission’s claim that the purpose of the amendment to the Monetary Act is to protect consumers, he said, “collecting and managing financial payments has nothing to do with consumer protection.”
Governor Lee said, “The main function of the KFTC is to liquidate the micropayment system and loan transactions of funds exchanged between financial institutions, and the central bank has no choice but to support this liquidation. It is very important to properly understand and understand it, but I think it was a little lacking,” he criticized.
/yunhap news
–
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution
–
