The Ministry of the Interior and Safety said on the 23rd that it signed a business agreement with 10 major administrative and public institutions to boost the public MyData service for corporations.
The institutions that signed the agreement with the Ministry of the Interior and Safety (MOIS) that day are the Ministry of Employment and Labor (MOEL), Korea Fair Trade Commission, Korea Technology Finance Corporation (KOTEC), The Export-Import Bank of Korea, Korea Small Enterprise and Market Service, Korea Institute of Startup and Entrepreneurship Development (KISED), Korea Federation of Credit Guarantee Foudations (KOREG), Bank of Korea, Korea Credit Guarantee Fund (KODIT), and Korea Credit Information Services.
The public MyData service provides a person's own administrative information held by administrative and public institutions online to the person or a third party according to the requests of the data subject, who is an individual citizen. Without having to visit each institution, the necessary information can be submitted online through public MyData's "self-information provision."
The corporate public MyData service expands the subject of administrative information from "individuals" to "corporations." It is a system that allows corporations to use public and private services by providing corporate information without issuing required documents.
Under the agreement, the Ministry of the Interior and Safety (MOIS) will link information with administrative and public institutions that hold corporate administrative data and identify and provide related services. The institutions will apply this to their respective duties to enhance convenience, including eliminating the inconvenience of corporations submitting required documents.
In addition, both sides will build a collaboration system to improve and further identify services for corporations.
Vice Minister Kim Min-jae of the Ministry of the Interior and Safety (MOIS) said, "We will work to make Korea a country where doing business is convenient by significantly reducing the administrative burden on corporations."