Sojinkong Introduces 'Public MyData'... "Strengthening Non-Face-to-Face Services"

Improving Convenience in Using Policy Funds through Public MyData Utilization

On the 16th, when in-person applications for the Small Business Support Fund for digitally vulnerable groups began, small business owners were receiving consultations related to the Support Fund at the Small Enterprise and Market Service Seoul Jungbu Center. The Ministry of SMEs and Startups announced that among the recipients of the Support Fund, small business owners who cannot verify their identity online or wish to receive the support fund through a proxy can make a reservation and visit the on-site application center to apply in person from today until the 26th. Photo by Moon Honam munonam@

[Asia Economy Reporter Kim Heeyoon] The Small Enterprise and Market Service (Chairman Jo Bonghwan) announced on the 4th that it will introduce public MyData and non-face-to-face electronic contract services through the Ministry of the Interior and Safety's data distribution channel.

The introduction of this service was promoted to resolve inconveniences occurring during the support of policy funds for small business owners and to enable prompt loan processing.

Public MyData refers to the process by which citizens directly receive their personal information held by administrative and public institutions in a form readable by computers or other information processing devices, and use it themselves for various public and private service benefits.

The Ministry of the Interior and Safety has completed the "Public MyData Distribution System Construction Project," which provides administrative and public institution-held information to citizens in data form for safe use. Accordingly, the Small Enterprise and Market Service has been operating a service that allows applications for policy funds, which started accepting applications on the 2nd, using MyData.

By utilizing the newly introduced MyData, users can access 13 types of document information with just consent for information use, making it easier to apply for policy funds by submitting only some additional documents such as lease contracts and financial transaction confirmation letters.

Additionally, an electronic contract service that allows loan agreements via mobile devices will be introduced. Until now, small business owners had to visit the Small Business Support Center in person for contract signing even if they applied for funds online, but with the introduction of electronic contracts, the entire loan process from application to contract will be conducted non-face-to-face.

The Service is currently preparing the system to provide the service in March, and after a pilot operation for some funds, the electronic contract service will be expanded depending on the operational effectiveness.

Jo Bonghwan, Chairman of the Small Enterprise and Market Service, said, “In an era where non-face-to-face and digital transformation are accelerating due to COVID-19, we will take the lead in introducing various non-face-to-face services to provide more convenient policies for small business owners facing difficulties.”

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