[Alpha Biz=(Chicago) Reporter Paul Lee] The Financial Supervisory Service is reportedly preparing procedures to impose sanctions on Kakao Pay in connection with the suspension of financial services during the Kakao Data Center fire in October last year.

According to financial authorities and industries on the 12th, the Financial Supervisory Service is discussing the level of disciplinary action against Kakao Pay and its executives and employees based on the inspection of Kakao financial affiliates conducted after the fire.

During the fire at SK C&C Pangyo Data Center in Bundang-gu, Seongnam, Gyeonggi Province, on Oct. 15 last year, Kakao Pay failed in a total of 17 services, including online and offline payments, overseas payments, account transfers and pay cards.

Some services attempted to switch to additional data centers that were being divided, but failed, and all services were normalized about 44 hours later.

Lee Bok-hyun, head of the Financial Supervisory Service, also said during a parliamentary audit at the time, "Kakao Pay has much room to say that server redundancy is insufficient."

In addition, the Financial Supervisory Service said it signed a business agreement with the National Fire Agency to prevent and prepare for fires at computer centers in the financial sector.

 

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