The financial certificate is a self-verification service newly introduced on December 10, 2020 by the Korea Financial Telecommunications and Clearings Institute. The concept itself is the same as a joint certificate with only a name change from a public certificate, but it has a longer validity period and the cloud method is applied so that it can be issued and used without installing Active X or keyboard security program on a PC. However, it is currently lacking in versatility. This means that the scope of use is not wide.
The table below shows the differences between the two. 농협 공동인증서 발급
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financial certificate
joint certificate
Issuance period
Korea Financial Telecommunications & Clearings Institute 이베이스매뉴얼
Multiple accredited certification bodies
(ex. Korea Financial Telecommunications & Clearings Institute, Koscom, Korea Information Certification)
Validity period (renewal cycle)
3-year auto-renewal
1 year manual renewal
storage method
cloud server
User device (ex. PC, smartphone, USB memory, etc.)
password format
6 digits
10 alphanumeric characters and special characters
PC security program installation
X
O
Third party/other institution registration
need
need
PC ↔ Smartphone export
Unnecessary
need
issuance fee
free
free
Where to use
Banknotes, some credit card companies, insurance companies & government/public institutions available
Available in most institutions and financial companies as well as banknotes
In summary, the financial certificate is a version with improved stability and convenience from the method we have been using for a long time.
Because it is stored on the KFTC cloud server, no physical storage device is required. Thanks to this, as long as you have an internet connection, you can easily authenticate on various devices and operating systems such as Windows, macOS, iOS, Android, and Linux without installing a separate program. In addition to device compatibility, it is possible to reduce leakage problems due to user negligence and hacking.
Most government agencies plan to introduce the system in the second half of 2021.
If so, is the joint certificate no longer needed? Not so. Although the government is taking the lead in introducing financial certificates, most securities companies, credit card companies, and some insurance companies do not currently support financial certificates. In addition, a cumbersome third-party registration process is still required to use what was issued by Bank A to Bank B. However, its versatility will be wider in the future, so it is good to know how to use it in advance.
How to issue a financial certificate
As preparations for issuance, you need a smartphone, Shinhan Bank, KB Kookmin Bank, Woori Bank, Nonghyup, Post Office, etc. you frequently use bank accounts and mobile apps. Of course, it can be issued from a PC, but ironically, various security programs must be installed once. On the other hand, it can be processed relatively easily in the bank mobile app. Of course, only one can be issued per resident registration number.
The menu name and location may be slightly different for each bank, but in most cases, you can go to [Authentication/Security Center → Financial Certificate → Issuance/Reissuance]. Now, after agreeing to all terms and conditions and entering the requested information (ex. date of birth, account number, account password, e-mail, mobile phone number, ID, etc.) you will be able to see
In my case, I manage my elderly parents’ public certificates and their passwords. He complains of difficulties every time he remembers the PW, which is not used often, and consists of English letters, numbers, and special characters. On the other hand, for financial certificates, all you need to remember is SMS authentication and a six-digit password, so parents can easily access things like the National Tax Service Home Tax.
How to use financial certificate
When you select the login button on a site or mobile app that supports financial certificates, a window for entering your name, mobile phone number, and date of birth is displayed. If you press the OK button after entering each information, a verification code is displayed on the screen, and a text message is immediately sent to your smartphone. Enter the verification code as a reply. When SMS text authentication is completed, the previously created certificate is displayed on the screen, and if you select it, a window for entering a password is displayed.
If you enable the ‘auto connect’ function when logging in for the first time, you do not need to perform SMS text authentication on the device every time. You can register up to 10. Of course, you should only enable this feature on secure devices that are only used by you, not on PCs in public places.
In the above screen, a total of 3 functions are available. You can check the authentication history for the last 3 months (①), delete the financial certificate itself (②), and change the six-digit password (③).
So far, we have looked at the difference between the financial certificate joint certificate and the issuance and basic usage. It’s definitely easier to use than the old one. However, it is not an exaggeration to say that Korea is currently in the era of the Spring and Autumn Sengoku period. In addition to the two types introduced in this text, certificates issued by private companies such as Kakao, Naver, and Toss are also mixed, so it is very confusing whether or not it should be somewhere. At the national level, I am certainly not the only one who thinks that it would be good to collect and integrate each strength into one. It is expected that the scope of use will be expanded in the future.
A blog that records confusion every time I do it once a year to help my mom! I hope this helps if anyone has any questions 🙂 Just watch it slowly and follow along.
If the joint certificate (former public certificate) you were using is about to expire! You have to renew it so it won’t be a hassle when issuing a tax invoice!
Certificate renewal is possible from 30 days before the expiration date of the validity period until the expiration date of the validity period.
When the National Tax Service issues an electronic tax invoice, it must be authenticated with a joint certificate. This certificate is valid for one year, so if you forget it, you need to renew it.
These days, personal joint certificates have become much more convenient as they can be authenticated using other media such as financial certificates or KakaoTalk. It seems that the electronic tax invoice is not yet available.
Our parents in their 50s and 60s have a very difficult time without internet banking ㅠㅇㅠ! I’ll try to proceed in order as much as possible!
What to bring: Security card (OTP), business number, bank account number for renewal issuance fee, fund transfer password (for joint certificate), joint certificate password
If you don’t bring this, it will come and go.
1. Search for Nonghyup Internet Banking.
The first screen is the personal Internet banking screen. Instead of there, click on the company and click on the Certification Center.
If you use a computer that you do not normally use, you can do security authentication. In that case, click ‘Yes’ on the pop-up window that appears.
If you’re interested, you can click the link below!
[NHBank] – Corporate Banking
Go to Shortcut Go to Shortcut Go to Shortcut 1 2 3 4 5 6 Inquiry Transfer payment/approval Quick inquiry service 1 2 Balance inquiry Transaction history Exchange rate inquiry CMS account transaction history Government deposit interest rate/return inquiry Foreign exchange court (deposits, etc.) Payment Guarantee Card Hanaro Corporate Customer Inquiry Certificate Issuance Virtual Account Inquiry Bulk Transfer School Internet Banking Utility Bill Electronic Bill Electronic Tax Invoice University Tuition Fee
2. Click Renew Certificate (Certificate for Electronic Tax).
Since you are ‘renewing’ an existing electronic tax certificate, be sure to click the Renew Certificate button. If you click Issuance/Reissuance of Certificate for Electronic Tax on the right, the existing certificate will be issued as it is, and the certificate will expire on the expiration date. ㅠㅠ I hope you don’t get confused because you have to re-issue it!
If this screen appears, do not panic and click Install Individually.
Click the exe button here to run it. Close when finished.
If the screen disappears, you can start over from step 1 without panicking.
3. Shall we renew the certificate?
Click the Confirm button for E-Tax in Certificate Classification.
Then the certificate screen appears and the existing certificate is displayed. Then, there is a password that you wrote down including the special characters you pressed when verifying the electronic tax invoice. Enter that.
Enter the following user ID (available for inquiry), business registration number, withdrawal account, withdrawal account password, and fund transfer password (including English and English numbers) in order.
Finally
Enter the number from your security card or OTP and you’re done!
We’re almost there. The next screen shows how to pay the renewal issuance fee for e-tax invoice application.
When renewing a joint certificate, you must pay the same fee as for issuance.
Joint certificate for e-tax: KRW 4,400
4. Electronic tax invoice application
Please fill out the payment method of the issuance fee in order.
Just fill in the blanks in order. Is it okay? hehe
Finally, just click the ‘Confirm’ button to complete the renewal of the joint certificate for electronic tax calculation! Enter the password you used to authenticate with the National Tax Service once more and you are done 🙂
Since the certificate has been renewed, if you have used it on a USB or other computer, you need to copy it to another medium through Copy Certificate.
Frequently asked questions are also listed on the Nonghyup Internet Banking website. Check out the FAQ too!
How to renew the joint certificate (authorized certificate) of the Nonghyup Sole Proprietorship Electronic Tax Invoice / Renewal Issuance Fee Posting!