Korean ATM’s expanding opening hours

When I first came to Korea I was suprised when ATM’s (Cash Machines) closed at 10 pm. I thought “What the F$#%#$?”

From the article below it appears the blame for this lack of service lies squarely with the Korea Financial Telecommunications & Clearings Institute (KFTC).
Does anyone know if this is a government body? A inter-bank body? or something else? And why arn’t they letting ATM’s open 24 hours a day? Its not like they have to pay their computers overtime.

Digital Chosunilbo (English Edition) : Daily News in English About Korea
Kookmin Bank is spearheading a belated revolution in Korea’s automated teller machines, moving back opening of its ATMs by a full hour to 7:00 a.m. They will continue to shut at 10:00 p.m.

The move comes after the Korea Financial Telecommunications & Clearings Institute (KFTC), which controls the cash machine network of all banks, decided to extend operating hours. Most ATMs around the world open 24 hours

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