The Cheat Co., Ltd. , which provides the financial fraud prevention service 'The Cheat', announced on the 23rd that it received the Prime Minister's Award for government service in information and communication at the '2025 Science, Technology and Information and Communication Day Commemoration Ceremony' co-hosted by the Ministry of Science and ICT and the Korea Communications Commission.
The awards ceremony was held on the 21st at the Korea Science and Technology Hall, and was attended by Acting President and Prime Minister Han Duck-soo and other government officials. Awards were presented to individuals and companies recognized for their contributions in the fields of science, technology, and information and communications.
DutchT has been awarded this Prime Minister’s Award in recognition of its contribution to preventing financial fraud for the public for 19 years and creating a financial environment where the public can feel safe. DutchT has been providing information on fraud before transferring money to an account, detecting approximately 30,000 cases of fraud information per day and has established itself as the largest financial fraud prevention service in Korea.
Kim Hwa-rang, CEO, said, “As the number of financial frauds such as phone fraud and internet fraud increases rapidly every year, the customer’s experience in preventing damage is becoming an important factor in increasing the reliability and loyalty of the service,” and “Interest in and demand for the financial fraud prevention service provided by The Cheat in the financial, telecommunications, and fintech industries is steadily increasing.” He added, “We will continue to work hard to build a social platform where anyone can prevent financial fraud.”
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