South Korea's Consumer Recovery Coupon Policy - A Case Study in Digital Security
South Korea is implementing its 2nd Consumer Recovery Coupon program, distributing 100,000 KRW (approximately $75 USD, equivalent to about 2-3 meals at a mid-range restaurant in Korea) per person starting September 22nd.
This nationwide initiative targets 90% of the population as part of economic recovery efforts.
However, alongside this beneficial policy, the Korean government is also addressing a significant challenge: the rise in smishing scams that exploit such programs.
Let’s explore how Korea is tackling both economic support and digital security simultaneously.