News linked to both this project and an event.
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
According to Yonhap News, the Ministry of Science and ICT announced that, following written deliberation by the Second ICT Regulatory Sandbox Fast-Track Expert Committee, it approved four services for empirical special exception qualifications. Among them, the "Voiceprint Recognition Mobile Voice Fraud Detection Service" jointly applied for by Samsung Electronics and the National Forensic Service received the most attention — this service embeds an AI-trained voice fraud recognition model into mobile apps, capable of reminding users in real-time of suspected fraudulent calls; previously, as fraudsters' voiceprints were classified as personal information and could not be used without the consent of the concerned party, this special exception breaks this restriction.