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  • LG Uplus Launches PMDC Alliance to Shorten AI Data Center Construction Time
    LG Uplus Launches PMDC Alliance to Shorten AI Data Center Construction Time LG Uplus is partnering with GS Construction, Xi C&A, and others to secure a standard model for prefabricated modular data centers (PMDC).On September 4, LG Uplus announced that it signed a memorandum of understanding (MOU) with GS Construction, Xi C&A, Gansam Architects, and D&O CM at the Pyeongchon Mega Center in Anyang, Gyeonggi Province, to establish the PMDC Alliance.The signing ceremony was attended by Hong Beom-sik, CEO of LG Uplus, along with representatives from the partner companies, including Heo Yoon-hong of GS Construction, Kim Wook-soo of Xi C&A, Park Moo-chan of Gansam Architects, and Lee Young-ho of D&O CM, who discussed the direction for building and operating the PMDC standard model.With the recent surge in demand for data centers driven by the expansion of AI, PMDC is gaining attention as a next-generation data center construction model. PMDC standardizes building structures and power and cooling systems, allowing for factory prefabrication and on-site assembly, which can significantly reduce construction time and enhance quality consistency compared to traditional on-site construction methods.Since April, LG Uplus and the PMDC Alliance members have been collaboratively developing a standard model for PMDC to apply it to the AIDC business, leveraging their expertise in design, construction, operation, and project management.Through this MOU, the participants formalized their collaboration framework and committed to creating a PMDC model that is competitive not only domestically but also on a global scale.LG Uplus will define operational standards and technical requirements for PMDC based on its experience in building and operating data centers nationwide and the AIDC in Paju.GS Construction, a specialized construction company, will provide feasibility assessments and process optimization for the new PMDC model based on its extensive experience in large-scale data center construction.Xi C&A will focus on developing retrofit models applicable to existing buildings and optimizing power and cooling systems, drawing on its expertise in mechanical, electrical, and plumbing (MEP) areas.Gansam Architects will build the PMDC standard design model based on its specialization in data center design, while D&O CM will contribute project management and construction management capabilities.Hong Beom-sik, CEO of LG Uplus, stated, "This PMDC Alliance brings together specialized companies in AIDC design, construction, and operation to focus on practical business applications. We aim to create a PMDC model with global competitiveness and continuously enhance our capabilities in next-generation AIDC construction."* This article has been translated by AI. 2026-09-06 11:16:00
  • Woori Bank Launches Savings Account with Up to 7.5% Interest for Asian Games Support
    Woori Bank Launches Savings Account with Up to 7.5% Interest for Asian Games Support Woori Bank is set to launch a savings account offering an interest rate of up to 7.5% to support the South Korean national team ahead of the Asian Games in Aichi and Nagoya, which begin on September 19.On September 6, Woori Bank announced the introduction of the 'Team Korea Savings 2' account, which provides preferential interest rates based on participation in cheering for the national team and the team's performance in the competition. Woori Financial Group is an official sponsor of the Korean Sports Council and the South Korean national team.This product is a 12-month flexible savings account, allowing deposits of up to 300,000 won per month. The base interest rate is 3.0% per year, with an additional maximum of 4.5 percentage points available for meeting all preferential conditions, bringing the total to 7.5% per year.Customers can also receive an additional maximum of 1.0 percentage point based on their participation in cheering. Writing at least one comment on the cheering board earns an extra 0.2 percentage points, and the preferential interest rate increases as the total number of cheering comments from all customers surpasses 100,000, 200,000, 300,000, and 400,000.The national team's final overall ranking will also affect the interest rate. If South Korea finishes first, an additional 1.5 percentage points will be applied; second place earns 1.0 percentage point, and third place adds 0.5 percentage points.New customers can also receive up to 1.0 percentage point in preferential interest rates. This applies to customers who have not held any Woori Bank savings accounts in the past six months and those who did not have an account with Woori Bank as of the end of the previous year.A Woori Bank representative stated, "We designed this product to cheer on our athletes and share in their moments of sweat and challenge."* This article has been translated by AI. 2026-09-06 11:08:10
  • EcoPro Accelerates Development of Battery Technology for Humanoid Robots
    EcoPro Accelerates Development of Battery Technology for Humanoid Robots EcoPro is targeting the robot battery market and accelerating its technology competitiveness. According to industry sources, EcoPro recently published content on its internal communication channel, 'EcoTalkTalk,' titled 'The Robot War Among Major Corporations is Intensifying... The Key Battleground is Ultimately the Battery.' The content highlighted that major companies are accelerating the 'robot war,' with developments including the establishment of a Future Robot Promotion Team directly under the CEO of Samsung Electronics, plans by Hyundai Motor to apply its humanoid robot 'Atlas' in electric vehicle factories, and the creation of a Robotics Business Center directly under the CEO of LG Electronics. Goldman Sachs forecasts that the humanoid robot market will expand to $38 billion (approximately 52 trillion won) by 2035, with annual shipments exceeding 1.4 million units. EcoPro explained that the key to determining the operational performance and driving time of robots lies in the battery, predicting that nickel-cobalt-aluminum (NCA) batteries will lead the market. As battery weight increases, the load on the robot also increases, which can overload joint motors and actuators. Therefore, it is expected that lighter and higher energy density NCA batteries will be adopted over lithium iron phosphate (LFP) batteries. EcoPro anticipates that the competition among global corporations in humanoid robots will change the industry's paradigm and create new business opportunities for the battery sector. The company emphasized the need to concentrate its capabilities on developing technologies that transition from high-nickel NCA batteries to solid-state batteries. Additionally, EcoPro shared the current status of solid-state battery technology development, which is expected to be a game-changer in the battery industry, through content titled 'Dissecting the Super Eul (乙) Project' with its employees. EcoProBM was recently recognized for its research and development achievements in solid-state battery materials and was selected for the Ministry of Trade, Industry and Energy's '3rd Super Eul (乙) Project.' The Super Eul Project is a major government R&D support initiative aimed at nurturing companies with irreplaceable technologies, like the Dutch lithography equipment firm ASML, to secure a core position in the global supply chain. EcoProBM plans to accelerate the development of sulfide-based solid electrolytes, which are key materials for solid-state batteries, as part of this project. Lee Dong-chae, founder of EcoPro Group, emphasized, 'Having received significant support for future growth engines, we must further enhance our R&D capabilities to become a game-changer in secondary batteries.' EcoPro has been rapidly advancing its proprietary process technology in the sulfide-based solid electrolyte sector to secure a leading position in the domestic market. Since starting development four years ago, EcoProBM has optimized its processes and compositions and is currently operating a pilot plant with an annual capacity of 40 tons, having passed quality verification from major battery manufacturers. The company is in discussions with key customers for trial production and has completed line design with the goal of mass production by 2027, ready to commence construction based on customer demand. Furthermore, EcoPro plans to develop cathode materials suitable for solid-state batteries based on its high-nickel cathode technology. To facilitate the early commercialization of solid-state batteries, the company has decided to establish a 'Solid-State One Team' that connects raw materials, components, and cells. Yoo Soo-kyung, Executive Director of R&D at EcoProBM, stated, 'We are accelerating our lead in the domestic market by securing proprietary process technology in the sulfide-based solid electrolyte sector. For cathode materials for solid-state batteries, we have optimized processes to utilize existing NCA production lines, establishing a system that can transition to mass production in a short period.'* This article has been translated by AI. 2026-09-06 11:08:00
  • GS Engineering & Construction Accelerates AI Data Center Supply with Modular Technology
    GS Engineering & Construction Accelerates AI Data Center Supply with Modular Technology GS Engineering & Construction is developing a standard model for prefabricated data centers that incorporates modular technology to meet the surging demand for AI data centers. On September 4, GS Engineering & Construction signed a memorandum of understanding to establish the PMDC Alliance at the LG Uplus Pyeongchon Mega Center in Anyang, Gyeonggi Province, alongside LG Uplus, Xai C&A, Gansam Architects, and D&O CM. PMDC stands for Pre-fabricated Modular Data Center, which refers to a modular data center that is pre-manufactured and then assembled and installed on-site. This agreement aims to develop a hyper-scale PMDC standard model optimized for the domestic environment, bringing together expertise in design, construction, and operation. In the current AI data center market, the rapid expansion of generative AI services and the increasing demand for GPU-based high-performance computing have made reducing construction time a key competitive advantage. PMDC offers advantages over traditional on-site construction methods by shortening construction periods and enabling quality standardization. It also reduces on-site risks and is advantageous for phased expansions in response to future demand increases. Under the agreement, GS Engineering & Construction will review the architectural structure, construction methods, time-saving strategies, and cost-effectiveness of the PMDC model applicable to new sites, drawing on its extensive experience in large-scale data center construction. LG Uplus will provide operational insights and business direction based on its data center management experience and customer requirements. Xai C&A will evaluate PMDC models utilizing existing buildings, leveraging its expertise in power, mechanical, and cooling systems. Gansam Architects will handle standard design using its specialized capabilities in data center design, while D&O CM will support the establishment of a collaborative framework from the perspectives of project scheduling, processes, risks, and business management. Through this collaboration, GS Engineering & Construction plans to enhance its capabilities in executing AI data center projects by integrating standardization and modularization technologies into its construction experience. The company also aims to continuously strengthen its competitiveness in executing large-scale data center EPC projects. As demand for AI data centers rapidly increases, construction companies are shifting their competitive edge from mere construction capabilities to integrated execution capabilities that combine power, cooling, and modular technologies. A GS Engineering & Construction official stated, “In the AI data center market, the ability to build data centers reliably and quickly at the requested time is becoming a crucial competitive factor. We will continue to enhance our competitiveness in building AI data centers optimized for the domestic environment.” Meanwhile, GS Engineering & Construction established a collaborative framework for the stable supply of electrical equipment necessary for AI data center projects by signing a memorandum of understanding with LS Electric on August 10.* This article has been translated by AI. 2026-09-06 11:08:00
  • Special Inspections on Seafood Origin to Combat Price Gouging Ahead of Chuseok
    Special Inspections on Seafood Origin to Combat Price Gouging Ahead of Chuseok The Ministry of Oceans and Fisheries will conduct special inspections on seafood origin labeling from September 7 to 18, ahead of the Chuseok holiday, to ensure consumers can purchase seafood with confidence.According to the ministry on September 6, the inspections will involve the National Fisheries Products Quality Management Service, local governments, and the Coast Guard. The quality management service will deploy joint inspection teams composed of its officials and honorary inspectors to conduct on-site checks.The ministry will activate a cooperative system for joint inspections and investigative support by sharing enforcement information and emergency contact networks among agencies.Key items for inspection include popular holiday foods such as sea bream, hairtail, yellow corvina, and octopus, as well as squid, small octopus, and scallops, which are likely to have false origin labeling.This inspection will cover both online and offline distribution channels. It will focus on seafood manufacturing, distribution, and sales companies, as well as restaurants and delivery app services. Inspections will also be conducted at passenger terminals and onboard restaurants, where customer traffic increases during the holiday.Under the law regarding the labeling of agricultural and fishery products, falsely labeling the origin can result in imprisonment for up to seven years or fines of up to 100 million won. Failure to label the origin can incur fines of up to 10 million won.Park Seung-jun, director of the Ministry of Oceans and Fisheries' Aquaculture Policy Division, stated, "We will focus on inspecting holiday foods that see a surge in consumption and items with a high risk of origin violations to ensure consumers' right to know and establish fair trading practices. We hope the public can enjoy a bountiful Chuseok with our seafood without any concerns about food safety."* This article has been translated by AI. 2026-09-06 11:04:10
  • Seoul Mayors AI and Night Economy Budgets Cut, Disability Job Program Revived
    Seoul Mayor's AI and Night Economy Budgets Cut, Disability Job Program Revived Seoul's city government and council are showing signs of conflict over the revised budget and ordinance proposals, despite initial cooperation emphasized at the start of the ninth municipal administration.Mayor Oh Se-hoon’s proposed budgets for youth artificial intelligence (AI) support and night economy revitalization have been completely cut during the city council's committee review. In contrast, the 'rights-based public jobs for severely disabled individuals,' which the city had previously abolished due to operational issues related to protests and demonstrations, is now being revived under the leadership of the Democratic Party.Concerns are rising within and outside the city regarding the Democratic Party's overwhelming 80-seat majority potentially hindering the mayor's key policy initiatives. The city council maintains that verifying the budget allocation process and the effectiveness of projects is a fundamental responsibility.According to the city and the council, the Urban Planning and Balance Committee fully cut the supplementary budget of 5.625 billion won for the 'Youth AI Growth Rights Support' project on September 3. This initiative, known as the 'Youth AI Ladder,' aims to provide access to generative AI services for Seoul residents aged 19 to 29, allowing approximately 500,000 young people to utilize generative AI regardless of their economic circumstances. This was the first youth policy announced directly by Mayor Oh shortly after he took office.During the first review on September 1, the council pointed out that there had been no discussions regarding the establishment of a social security system, and the justification for the target group of 500,000 and the age range of 19 to 29 was insufficient. In the second review on September 3, a motion to cut the budget was proposed without any additional inquiries, leading to the complete elimination of the funding.Youth AI and Night Economy Projects Halted; City Claims Core Initiatives UnderminedOn September 2, the Planning and Economic Committee also cut the entire budget of 1.2 billion won for the 'Regional Night Market Creation and Operation' project. This initiative is part of the ninth administration's strategy to enhance nighttime tourism, consumption, and cultural activities in Seoul.The council determined that the project had proceeded with a public solicitation process before the budget review, which could infringe upon the council's budget review authority. They questioned whether there was a need to provide additional support to already thriving commercial areas and whether sufficient justification for support was established in related ordinances.While the city acknowledged the council's concerns and stated it would address any necessary improvements, it expressed frustration that the complete absence of funding for core projects effectively prevents policy implementation. The city perceives the decision to eliminate the entire budget without adjustments or conditional funding as a political constraint beyond mere policy verification.Internally, there are worries that this budget cut may not only affect individual projects but could also lead to broader restrictions on Mayor Oh's key policies in the future. Concerns have been raised that the operational methods used by the Democratic Party in the National Assembly, which previously limited major policies and budgets of the Yoon Suk-yeol administration, may be replicated in the city council.Movements surrounding Mayor Oh's flagship project, 'Wrist Doctor 9988,' are also heightening these anxieties. Democratic council members have proposed an amendment to limit the project's eligibility to residents of Seoul, excluding citizens living in the city for work or school. Although the proposal has been postponed for this session, it may be revisited, leaving uncertainty regarding the project's operation.Revival of Abolished Programs; Controversy Over Budget AllocationConversely, the 'rights-based public jobs for severely disabled individuals,' which Mayor Oh had previously abolished, is now undergoing a revival process.The Health and Welfare Committee of the city council approved an amendment to the 'Seoul City Employment Promotion and Vocational Rehabilitation Support Ordinance' on September 3, led by Democratic Party member Lee Sang-hoon. All 80 Democratic council members participated in the proposal, which was processed under the party's leadership in the committee.The amendment establishes a definition for rights-based public jobs and includes provisions for the development, distribution, and expansion of related jobs, participation scale, dedicated personnel, and entrusted organizations in the employment promotion plan for disabled individuals. It also includes budgetary support for needs assessments, public sector job creation, independent living programs, and lifelong education connections. If the amendment passes the full council, it is likely that related budgets will be reallocated. The budget for the program just before its abolition in 2023 was approximately 5.8 billion won.While the city agrees with the intention to expand labor rights and social participation for disabled individuals, it contends that there were issues with the previous operational methods. According to a 2023 survey by the city, out of 17,228 job activities in rights-based public jobs from 2020 to 2022, campaigns accounted for 8,691 cases, or 50.4%. In 2023, 82.3% of the total project budget, amounting to 4.774 billion won, was concentrated in certain disability support centers affiliated with the National Coalition for the Elimination of Discrimination Against Persons with Disabilities.The city requested a postponement of the ordinance review, citing concerns that the project was overly focused on protests, demonstrations, and campaigns compared to typical jobs for disabled individuals, and that funding was disproportionately allocated to specific organizations. They argued that the compatibility with higher laws and future financial burdens should be thoroughly examined, but this request was not accepted.Democratic council members counter that advocacy activities for severely disabled individuals, who have been excluded from the existing labor market, should be recognized as legitimate job functions. They argue that if there were issues in the past, the focus should be on strengthening management, supervision, and evaluation systems rather than abolishing the program entirely.The complete cuts to the youth AI and night economy budgets, alongside the revival of the abolished rights-based public jobs, signal a deepening conflict over the direction of the ninth administration in Seoul. The outcomes of the upcoming budget review committee and full council sessions are expected to be a critical test of cooperation between the city and the council.* This article has been translated by AI. 2026-09-06 11:04:00
  • Ministry of Industry to Hire Up to 29 Experts for Key Projects
    Ministry of Industry to Hire Up to 29 Experts for Key Projects 산업통상부가 메가프로젝트와 제조업 인공지능 전환(M.AX), 대미 투자 프로젝트 등 핵심 과제를 전담할 실무인력 확충에 나선다. 산업·통상·경제안보 분야의 업무가 확대되면서 민간 전문가를 최대 29명 충원하고 3년 만에 '담당급 공모직위' 제도를 재개하는 등 인재 확보 방식을 다각화한다.산업부는 정기 공채와 별도로 민간 전문가 채용과 5급 공모직 선발, 타 부처·지방자치단체 공무원 전입 등을 통해 현장 실무인력을 보강한다고 6일 밝혔다.우선 법무·통상·인공지능(AI)·홍보 등 전문직무를 중심으로 연말까지 사무관급 10명과 주무관급 4명 등 임기제 공무원을 최대 14명 신규 채용한다.인사혁신처가 주관하는 민간경력자 일괄채용(민경채)을 통해서도 통상·표준·광산안전 분야에서 15명을 선발한다. 5급 6명과 7급 9명이다. 임기제 공무원과 민경채를 합하면 외부 충원 규모는 최대 29명이다. 민경채는 현재 채용 절차가 진행 중이며 서류심사와 면접을 거쳐 오는 12월 최종 선발할 예정이다.내·외부 5~6급 공무원을 대상으로 한 '담당급 공모직위' 제도도 3년 만에 다시 시행한다. 담당급 공모직위는 5급 공무원이 2년 단위로 특정 정책이나 핵심 업무를 전담하는 제도다.산업부는 2023년 3개 직위를 대상으로 처음 운영한 뒤 중단했으나 대형 국정과제 증가와 전문 실무인력 수요 확대에 따라 대상 직위를 5개로 늘려 재개하기로 했다.공모는 전 부처 공무원을 대상으로 한다. 특히 6급 공무원이 선발될 경우 최저승진연수 적용 없이 5급으로 조기 승진할 수 있다.이달 중 미래자동차와 산업단지 AX(AI 전환), 제조현장 AI팩토리 등 3개 직위에 대한 공모를 실시해 다음 달 선발을 마칠 예정이다. 나머지 2개 직위는 인사혁신처와 협의를 거쳐 분야를 확정한 뒤 연내 추가 공모한다.타 부처와 지방자치단체 소속 공무원 전입도 확대한다. 지난해 10월부터 현재까지 5급 4명, 8급 11명, 9급 2명 등 총 17명이 산업부로 전입했다. 산업부는 이달부터 연말까지 최대 14명을 추가로 전입받을 계획이다.문신학 산업부 차관은 "산업부는 입직 경로나 전입 여부에 관계없이 능력과 성과를 중심으로 인재를 발탁하고 기회를 제공하는 역동적인 조직"이라며 "역량 있는 인재들의 많은 관심과 지원을 바란다"고 말했다.* This article has been translated by AI. 2026-09-06 11:04:00
  • Global Mobility Conference to Address Autonomous Driving and AI Logistics in Seoul
    Global Mobility Conference to Address Autonomous Driving and AI Logistics in Seoul An international event discussing ways to safely and conveniently integrate advanced mobility technologies, such as autonomous driving and artificial intelligence (AI), into daily life will take place in Seoul.On September 6, the Ministry of Land, Infrastructure and Transport announced that it will host the '2026 Global Mobility Conference' in collaboration with the Korea Transportation Safety Authority (TS) and the International Transport Forum (ITF) of the OECD at the Westin Chosun Hotel in Seoul on September 7-8.The conference will focus on accelerating the commercialization and regulatory framework for autonomous driving technology, addressing not only technological advancements but also the necessary safety and insurance frameworks for the practical expansion of these services.This year's theme is 'Innovation in Everyday Life: Leading the Era of Adaptation.' Discussions will cover topics including the commercialization of autonomous driving, advanced mobility and urban development, safety and insurance for autonomous vehicles, demand-responsive transport (DRT), and AI-based logistics.On the first day, September 7, keynote speeches will be delivered by Ryu Geung-seon, CEO of Kakao Mobility; Steven Hahn, Executive at Waymo; and Gourav Agarwal, Senior Director at NVIDIA. Following the speeches, representatives from the Boston Consulting Group (BCG), the California Department of Motor Vehicles (DMV), and Pony.ai will discuss challenges related to the testing and commercialization of autonomous driving. Hyundai Motor Group and Archer will share insights on the urban transformations and future visions brought about by advanced mobility.On September 8, a special session will be held to share mobility policies and research trends from South Korea, the Philippines, and China. Discussions will also cover the safety and insurance of autonomous vehicles, the humanities of mobility, sustainable development directions for DRT, and AI-based logistics mobility.The event will feature participation from domestic and international companies, including Hyundai Motor Group, Samsung Fire & Marine Insurance, Kakao Mobility, Waymo, NVIDIA, Pony.ai, and Archer, as well as organizations such as the ITF, the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP), the International Airports Council (ACI World), and the International Road Transport Union (IRU).Kim Yoon-deok, Minister of Land, Infrastructure and Transport, stated, "Mobility innovation is happening all around us, but we need to make a greater leap forward so that all citizens can feel its impact. As mobility innovators from home and abroad gather in one place, I hope that we can deeply discuss future visions and directions for global cooperation."* This article has been translated by AI. 2026-09-06 11:04:00
  • Hampyeong County Residents to Evaluate 74 Promises of the 9th Elected Administration
    Hampyeong County Residents to Evaluate 74 Promises of the 9th Elected Administration Hampyeong County in Jeonnam Province has initiated a 'Promise Evaluation Citizen Jury' to allow residents to directly assess the feasibility and implementation plans of the 9th elected administration's promises.The first meeting of the citizen jury was held on September 4 in the county hall's conference room.The citizen jury is a participatory evaluation system where residents examine the appropriateness and feasibility of the promises made by the 9th elected administration and provide their opinions.To ensure fairness and objectivity in the evaluation process, Hampyeong County collaborated with the Korea Manifesto Practice Headquarters to form the jury.Eligible residents aged 18 and older were randomly selected through an automated response system (ARS), considering factors such as gender, age, and residence, and after phone interviews, 30 members were finalized.During the first meeting, the jury members were appointed, and the Korea Manifesto Practice Headquarters explained the significance of the manifesto and the participatory evaluation process, as well as the roles and activities of the jury members. Following this, the jury members formed subgroups to prepare for the promise evaluations.The evaluation will focus on a total of 74 promises outlined in the 9th elected administration's implementation plan.The county has reviewed and adjusted the implementation plans for each promise, considering feasibility, funding strategies, and timelines through consultations with relevant departments.Notably, one promise, 'Strengthening Agricultural Work Service,' will be presented to the jury for potential exclusion. The county plans to comprehensively review the original intent, policy conditions, and actual feasibility of the project before making a final decision based on the jury's feedback.The jury's activities will take place over three sessions.The second meeting, scheduled for September 18, will involve relevant departments directly explaining the evaluation items and implementation plans to the jury, followed by a Q&A session.The third meeting on October 2 will focus on finalizing opinions and recommendations for each promise based on the discussions and evaluations conducted thus far.Lee Nam-o, the mayor of Hampyeong County, stated, "We will incorporate the opinions presented by the citizen jury into the implementation plans to enhance the effectiveness and completeness of the 9th elected administration's promises. We will also transparently disclose the progress of the promises and maintain ongoing communication with residents."Meanwhile, Hampyeong County plans to review the final recommendations prepared by the citizen jury and incorporate them into the implementation plans for the 9th elected administration. The finalized implementation plans and the results of the jury's activities will be published on the county's website, and the progress of each promise will be continuously monitored.* This article has been translated by AI. 2026-09-06 10:56:00
  • Toss Quick Account Transfer Surges, Monthly Transactions Exceed 100 Billion Won
    Toss Quick Account Transfer Surges, Monthly Transactions Exceed 100 Billion Won Toss's account-based simple payment service is rapidly expanding due to its user-friendly features and an increase in partner merchants.On September 6, Toss announced that its quick account transfer service surpassed 100 billion won in monthly transactions as of the end of August 2026.User numbers have also grown significantly. The cumulative user count rose from 6.5 million in April 2025 to 12 million by the end of August 2026, marking an increase of 1.8 times in just over a year.The success rate of transactions has improved as well. According to Toss's internal data, the success rate for quick account transfers is now 92%, up from 87.2% last year. Toss attributed this improvement to the refinement of transaction time limits based on actual bank processing times and the introduction of features that alert users when their account balance is insufficient during the payment process.Launched in April 2023, quick account transfer is a service that allows users to make payments directly from their accounts based on open banking. After registering their account once, users can make payments at participating merchants using just a six-digit password.Quick account transfer is currently available across various sectors, including commerce, content, and travel & aviation. For merchants, the lower transaction fees compared to credit cards are a significant advantage.A Toss representative stated, "Quick account transfer is steadily growing in both user numbers and transaction volume, thanks to its convenient payment experience and cost efficiency for merchants. We will continue to enhance the service to ensure that both consumers and merchants can use it conveniently and safely."* This article has been translated by AI. 2026-09-06 10:56:00