Bank Loans and Housing Subscription Complex Administrative Documents at Once... Government Launches 'MyData Service'

Applied to 8 services currently operated by 6 related organizations including small business, jobs, and finance

[Asia Economy Reporter Lim Cheol-young] In the future, the hassle of preparing various administrative documents when applying for bank credit loans, housing subscription, and other services will disappear, and cases of cancellation or suspension due to incorrect submission of these documents are expected to be significantly reduced.

On the 24th, the Ministry of the Interior and Safety announced the launch of the "Public MyData Service," which collects the minimum personal information scattered across various administrative and public institutions at once, allowing for easy service applications. The newly launched service will be applied to eight services currently operated by six related agencies in areas such as small business owners, employment, and finance, and will be provided to the public.

The government has enabled citizens to directly utilize their administrative information by providing data packages that extract only the necessary data items from certificates and required documents that must be submitted to public and private institutions to receive various services. Additionally, administrative agencies will simplify procedures such as document authenticity verification, document review, and data entry through the Public MyData service.

For example, when applying for small business funds, 16 types of documents such as the Value-Added Tax Tax Base Certificate and Small and Medium Business Confirmation can now be applied for on the Small Business Policy Fund website without submitting documents, simply by consenting to provide MyData through the Public MyData service. The Ministry of the Interior and Safety expects about 300,000 small business owners to benefit from this service.

Even in cases where residents must separately issue and submit resident registration certificates or extracts to institutions, applications can now be conveniently made without document submission through the Public MyData service on the Integrated Job Support Project Application System. Approximately 840,000 young people are expected to use this service more conveniently.

Furthermore, the Ministry plans to improve the process so that when visiting bank branches or card companies to apply for credit loans or cards, where about 10 types of documents such as income certificates and health insurance qualification certificates must be submitted, the screening can be done quickly and easily without document submission by utilizing the Public MyData service.

For housing subscription eligibility verification, seven types of documents including resident registration certificates or extracts, income certificates, and health insurance qualification certificates will be quickly verified through the Public MyData service on the online housing subscription system "Cheongyak Home," providing a housing subscription support service.

The Ministry of the Interior and Safety plans to launch more than 10 additional services by October this year, including 119 Safety Call (Fire Agency), National Merit Employment Support (Korea Employment Information Service), and Simplification of Civil Service Forms (Jeju Special Self-Governing Province), and gradually improve and expand the services.

Lee Jae-young, Vice Minister of the Ministry of the Interior and Safety, said, "The Public MyData service will be a cornerstone in strengthening citizens' data sovereignty," adding, "We will do our best to break the framework of document-centered administrative services and successfully establish data-centered digital government innovation."

This content was produced with the assistance of AI translation services.