Daegu Bank and 5 Other Companies Receive Preliminary MyData Licenses... Aigenet Passes Final Approval

The Institute of Artificial Intelligence Research Fails Preliminary Approval Due to Lack of Business Plan Feasibility

[Asia Economy Reporter Park Sun-mi] In the personal credit information management business (MyData) licensing review, six companies including Daegu Bank received preliminary licenses, and IGINET passed the full license.

On the 24th, the Financial Services Commission held the 12th regular meeting and conducted licensing reviews for eight companies out of 31 newly applying for MyData licenses. IGINET, which applied for a full license, was evaluated to have supplemented the feasibility of its business plan, which was pointed out during the preliminary license review process in January, and thus received the full license this time.

Among the seven companies that applied for preliminary licenses, six companies including Daegu Bank, Jeonbuk Bank, KB Capital, Kyobo Life Insurance, Shinhan Life Insurance, and KB Insurance also succeeded in obtaining preliminary licenses. However, one company (Artificial Intelligence Research Institute) was evaluated to have insufficient business plan feasibility and did not receive a preliminary license.

In particular, three insurance companies that had not previously operated MyData services also received preliminary licenses, raising expectations that MyData services will become more diverse.

A financial authority official stated, "We will promptly proceed with the review process sequentially for other applicant companies, and new license applications will continue to be accepted monthly."

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