LG Uplus and Woori Bank Join Forces to Prevent Voice Phishing Financial Losses

"Comprehensive Protection from Detection to Prevention of Financial Damage"

LG Uplus and Woori Bank have joined forces to prevent financial losses for customers caused by the recent surge in voice phishing crimes.

Yunho Choi, Head of AI Agent Promotion Group at LG Uplus (right), and Jiyoung Oh, Head of Financial Consumer Protection Group at Woori Bank, are posing for a commemorative photo after signing a "Business Agreement for the Prevention of Voice Phishing Damage" on the 7th. Provided by LG Uplus

According to LG Uplus on August 10, the two companies signed a "Telecommunications Financial Fraud Damage Prevention Agreement" at Woori Bank's headquarters in Jung-gu, Seoul, on August 7.

This agreement was established to enable close cooperation between the finance and telecommunications sectors in order to prevent public damage and to proactively respond to the rapidly increasing new types of fraud schemes.

The two companies will: ▲ share information on voice phishing scam methods and damage cases; ▲ provide real-time business support to prevent the spread of damage; ▲ form a regular consultative body to identify collaborative projects and establish detailed implementation plans; and ▲ develop joint response measures to prevent other types of financial fraud.

Yoonho Choi, Head of AI Agent Promotion Group at LG Uplus, stated, "Close cooperation between financial institutions and telecommunications companies is essential to block voice phishing damage in advance," adding, "LG Uplus will continue to support customers' safe telecommunications and financial activities, striving to become the most security-focused telecom company."