The Financial Services Commission signed a memorandum of understanding (MOU) with related ministries and organizations to strengthen cooperation for promoting AI-driven anti-vishing efforts on June 3. FSC Chairman Kim Joo-hyun signed the MOU, which will facilitate AI developers in the private sector to make use of the actual phone conversation data used in vishing scams for the purpose of developing AI-driven anti-vishing programs. With the MOU in place, cooperation between the telecommunications and financial sectors will be strengthened to promote development of diverse types of anti-vishing programs using AI technologies. In addition, there will be government-driven research and development projects that will seek to find ways to more effectively prevent and combat vishing scams.