A.
Based on the Foreign Exchange Transactions Act and The clause 3 of the Real-Name Financial System declared by the government of the Republic of Korea, there will be a beneficiary real name authentication process for the first-time beneficiary.
There will be no further additional real name authentication request once the first-time authentication is done.
* Please NOTE that recipient real name authentication is required for every single bank account and you must proceed with recipient real name authentication if you would like to send money to the previous same recipient with another bank account.