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Home / Market / Korean banks phase out BankID as banks strengthen proprietary authentication systems
Korean banks phase out BankID as banks strengthen proprietary authentication systems

Korean banks phase out BankID as banks strengthen proprietary authentication systems

2025-09-16  Per Henrikson

H NongHyup Bank is introducing a new identity verification method, the NH Certificate, starting today. First launched in 2022, the bank’s in-house certificate features enhanced security. Until last year, NH NongHyup Bank was the only one among the five major commercial banks that still offered the BankID service, but it ended the service in the first half of this year and, after being newly designated as an identity verification institution by the Korea Communications Commission in Apr., has been focusing on its own authentication.


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