South Korea's biometrics market has nearly doubled in size since 2011 to US$265 million, according to data from a government-backed organisation.The growth figures, which represent a rise of 97% from a value of US$134 million four years ago, were revealed by the Korea Institute of Science and Technology this week, reported Korea Joongang Daily.An industry forum also held this week on biometrics and online authentication saw participation by the three main South Korean three mobile carriers – SK Telecom, KT and LG U+.”Through the forum, we plan to establish a communication window to prevent Korea's biometric authentication industries' competitiveness from deteriorating due to lack of standard technology and cooperative ecosystem,” said the forum's first chairman, Seoul National University Prof. Park Chun-shik in the opening remarks, reported the newspaper.”We will work to become a center that will help create a biometric authentication economy system that will hasten the establishment of a simple, fast, but also safe, authentication payment environment.”Other important attendees included financial companies, biometric companies and government institutions such as the Eletronics and Telecommunications Research Institute (ETRI), Korea Internet & Security Agency (KISA) and the Financial Security Institute (FSEC).South Korea tech giant Samsung rolled out its biometrics-backed mobile payment technology in South Korea in August and the US last month, while LG has also trademarked the name “Gpay” for a potential mobile payment service.