The Ministry of Science and ICT announced on the 23rd that seven businesses have passed the certification evaluation for the 'Used Device Safe Transaction Business Certification System' for the first time since its implementation.
The first certified businesses are Minpyt, Bungeejangter, LikeWise Korea, 21st Century Electronics, Upstair, KT M&S, and Medialog. The Korea Information & Communication Technology Association (KAIT) conducted document and on-site evaluations before certification was granted following deliberation by the Certification Review Committee composed of academia, legal professionals, research institutions, and consumer organizations. Certified businesses can post the certification mark on their websites or physical stores to promote to users looking to buy or sell used devices.
The Used Device Safe Transaction Business Certification System certifies used device distribution businesses as 'safe transaction businesses.' It has been in effect since May 28. Businesses wishing to be certified can apply through the Used Device Safe Transaction website. They can receive certification if they establish a personal information deletion procedure and meet basic requirements for protecting users, such as providing purchase price information by device grade.
Separately from the Used Device Safe Transaction Business Certification System, the Ministry of Science and ICT operates a transaction fact verification service system to prevent ownership disputes that may arise between sellers and buyers of used devices. When trading used phones between individuals, they can obtain a 'Transaction Fact Verification Document' for free through the Used Device Safe Transaction website. Those who receive the 'Transaction Fact Verification Document' can normally use the used device even if its use is blocked due to an improper loss or theft report, by requesting a release from the association (KAIT).
Lee Do-gyu, Director of Communications Policy at the Ministry of Science and ICT, noted, 'With the first appearance of used device safe transaction businesses, it is expected that more businesses will seek certification as safe transaction businesses.' He added, 'We hope that the Used Device Safe Transaction Business Certification System will be activated to further mature and clarify the used phone distribution market.'