KANAK Signs Contract to Supply 'Palm Vein-Based Apartment Access Control Solution'

KANAK (CEO Won) announced on the 5th that it recently signed a contract to supply a palm vein-based apartment access control solution to the Moa Miraedo Megacity 1st Apartment in Naepo New Town. The

main point of this contract, the apartment access control solution, is a bio solution that controls access to common facilities within the apartment by checking the palm vein. After registering bio information, residents can access facilities within the complex by simply scanning their palm veins. It is expected to provide a more convenient access method than the existing access card tag or password input method, as it does not require a separate means and takes a short time to scan the palm. The

Moa Miraedo Megacity 1st Apartment in Naepo New Town is a newly built apartment that was completed in February. It has community facilities such as a golf practice range, fitness center, GX room, reading room, and resident cafe. The resident representative meeting plans to provide residents with more convenient living infrastructure by introducing the palm vein access control service.

KANAK is the first PG (electronic payment agency) to pass the Financial Supervisory Service’s biometric authentication service terms and conditions review. It recently launched the palm vein biometric payment solution ‘Handit’. Through this contract, KANAK plans to expand its business area from payment services to offline identity verification services.

Lee Won-il, CEO of KANAK, said, “In the residential area closely related to daily life, the palm vein-based identity verification system will be highly utilized,” and “Starting with this contract, we will provide offline identity verification services to improve the quality of life of customers at various daily touchpoints.” According to KANAK,

palm vein authentication is a biometric authentication method that can be used for life by anyone over the age of 14 as it is not affected by external factors such as environment or growth. It is known that not only the domestic financial sector but also large global corporations are actively pursuing it.