KOMSCO prevents counterfeiting

Innovation is the first line of defence against evolving threats. Korea Minting, Security Printing and

ID Card Operating Corporation (KOMSCO) capitalises on the power of technology to develop sophisticated security measures protecting against counterfeit currencies and documents.

Government-owned KOMSCO has built its business for 61 years on customer confidence. With its name synonymous for quality, KOMSCO has been a trusted partner of central banks, governments and commercial organisations in supplying banknotes and coins. KOMSCO is a financially sound company with a debt ratio of less than 30 per cent.

Its know-how in manufacturing banknotes served as a platform for KOMSCO's expansion to electronic passports, cheques, gift certificates, tax stamps and other paper products.

"We are the only total security solutions company in South Korea. What we manufacture are not simply products but culture, pride, trust and value of the Republic of Korea," says president and CEO Yoon Young-dae.

KOMSCO is one of only four companies in the world capable of providing products and solutions ranging from mintage to banknote printing, from banknote papermaking to ID solutions, including in-house research and development (R&D) capabilities.

Technology development is central to KOMSCO's operations. The government established the Technology Institute of KOMSCO in 1967 to house the company's R&D arm, which has 80 employees.