OTT platform subscription management gets easier... Government pushes for integrated viewing and cancellation improvements.

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This is a partial quote from a Newsis article.

https://v.daum.net/v/20260619080154831

https://www.newsis.com/view/NISX20260618_0003674956


According to the measures to improve daily life-related services announced jointly by related ministries at the Emergency Economic Headquarters Meeting and Economic Ministers' Meeting held on the 19th, the Financial Security Institute's new service 'Peace of Mind Provision System' will be launched next September.

5.5 subscriptions per person, average monthly spending of 40,000 won... "Subscription history at a glance"

It has been pointed out that managing subscription history has been difficult because subscription paths and payment methods differ by subscription service provider or intermediary platform. According to the Fair Trade Commission, research shows that per subscription service user last year, they subscribed to 5.5 services and spent an average of 40,000 won per month.

The government's assessment is that while subscription services are spreading across various fields, managing subscription history is difficult because subscription and payment paths differ, and problems such as repeated charges occur. Accordingly, it is being promoted so that information scattered by banks, credit card companies, and platforms can be linked at once, allowing subscription lists to be checked at a glance.

This includes all subscription services regardless of domestic or international distinctions. The Financial Security Institute is currently in the final verification stage for service provision.

Ju Hwan-wook, Policy Coordinator of the Ministry of Finance and Economy, explained, "The old method was where personal information was handled by my-data operators, but now we are not doing that, instead creating a separate secure space within the Financial Security Institute so that personal information can be used within it, changing how the service works."

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