Preventing investment spam text scams...Start blocking bulk shipments and incoming transmissions

The Financial Supervisory Service said it will come up with measures to block spam text messages from investments with the Korea Internet & Security Agency and three mobile telecommunications companies and implement them this month.

First of all, the scope of the application of the Korea Internet & Security Agency's spam phone number blacklist system will be expanded to spam text messages that induce investment.

Mobile carriers have decided to strengthen their investment-related block on "filtration services."

The Financial Supervisory Service predicted that this will block an additional 20% of spam texts of investment incentives.

The number of illegal spam reports of investment incentives in the first half of this year was 6.67 million, an eight-fold increase compared to the second half of last year.