End of the IE monopoly in South Korea

Going away from the required ActiveX solution for online retailers and banks.

Microsoft's Internet Explorer is almost universal presence in South Korea. The reason for this is its proprietary encryption solution for monetary transactions over the Internet. The solution is based on Microsoft ActiveX technology is not supported by browsers other than Microsoft's. Any use of online banking and other forms of commerce in South Korea require that the user is using Internet Explorer.

According to the Wall Street Journal was the reason that South Korea made its own solution, was a U.S. ban on exporting encryption technology. This prohibition has since ceased.

Now the authorities in South Korea finally concluded that the encryption solution is not ideal. This comes as a result of pressure from competitors Micrsofts, security experts, Web developers and promoters of open source. But the rationale of regulatory authorities in South Korea should primarily be that the current solution prevents the ability to provide services to smartphones.

According to the Wall Street Journal the Competition Authority also be influenced by how the competition authorities in EU and USA have shown muscle to reduce the dominance of Microsoft's browser market.

Result of the new rules is likely that South Korea's population over the next few months will begin to experiment with other browsers, as online banking and online stores will now update its services with more advanced encryption techniques that do not require users to use Internet Explorer.