en.Wedoany.com Reported - The Personal Information Protection Commission (PIPC) held a "MyData Support Project Kickoff Meeting" in Jongno-gu, Seoul on the 16th, announcing eight selected projects. It will invest a total of 1.7 billion won in government subsidies to support the development of MyData pilot services in non-financial sectors (such as healthcare, telecommunications, and energy). Selected institutions will also receive consulting services from professional organizations and public promotion campaigns.

This project aims to align with the PIPC's ongoing promotion of the "All-Sector MyData" system, discovering and supporting services that citizens can use in their daily lives. The support targets personal information management companies seeking to develop and operate services that integrate all-sector and financial MyData, covering healthcare, telecommunications, energy, and financial convergence services.

Considering data reliability verification and market readiness, the integration of information and financial sectors will be implemented in phases. Non-financial sectors such as healthcare are still in their early stages, and the nature and quality of the information have not been fully confirmed. Therefore, companies currently find it difficult to propose specific business models that can integrate with finance.

The Financial Services Commission (FSC) has been leading the financial MyData project since 2022 under the "Credit Information Act," with cumulative registrations exceeding 165 million cases and information transmission volumes surpassing 1 trillion cases. In comparison, non-financial sectors such as healthcare, telecommunications, and energy remain in their early stages.

Even if information integration is restricted by regulations, the PIPC plans to support related services through regulatory sandboxes. A regulatory sandbox is a system that temporarily exempts new services from current regulations for verification purposes. However, currently, few companies are applying for support with specific business models.

A PIPC official stated: "Starting this year, once we confirm how medical institutions actually manage medical information, linkage with other sectors will naturally become possible."

Eight companies participated in this kickoff meeting: NICE Information Service, SCG Lab, Bank Salad, SolDoc Inc., Salti Lab Korea, Hyundai Green Food, Ajeong Networks, and Okyeong Comtec.

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