Jeju Police Hold Meeting with Related Agencies to Prevent Telephone Financial Fraud

[Jeju=Asia Economy Honam Reporting Headquarters Reporter Hwang Jeongpil] The Jeju Police Agency announced on the 21st that it held a meeting with the Financial Supervisory Service, Jeju Bank, NongHyup, Kookmin Bank, KEB Hana Bank, Shinhan Bank, the National Credit Union Federation of Korea, and Jeju Provincial Government officials to protect residents from telephone financial fraud crimes.

The meeting was organized to explore public-private-police cooperation measures to prevent telephone financial fraud damage, and to establish a broader cooperative system, Jeju Police Agency reporters and the representative of ‘Jeju Mom’ also attended to assist in prevention activities.

At the meeting, there was a consensus on recognizing the seriousness of the issue, noting that last year the damage amount from telephone financial fraud in Jeju reached 10.2 billion KRW, comparable to a ‘disaster,’ and it was emphasized that due to the nature of the crime where the stolen money is immediately transferred overseas, prevention is more important than post-crime apprehension.

To this end, efforts will be made to secure related budgets based on the ‘Telecommunication Financial Fraud Ordinance,’ improve financial institution systems, activate awards for meritorious persons regardless of whether they are financial institution employees or civilians, and strengthen community publicity activities through media and social networks.

Jeju=Asia Economy Honam Reporting Headquarters Reporter Hwang Jeongpil panax33@asiae.co.kr