Korea Data Industry Promotion Agency Launches '2021 MyData Consulting Support Project'

[Asia Economy Reporter Eunmo Koo] The Ministry of Science and ICT and the Korea Data Industry Promotion Agency announced that they will begin accepting applications from the 7th for the '2021 MyData Consulting Support Project,' aimed at raising awareness of MyData in the private and public sectors and strengthening the capabilities for utilizing personal data.

The MyData Consulting Support Project, implemented since 2019, is designed to provide a foundation for companies and institutions seeking to hold personal data to enter the MyData ecosystem through professional consulting such as business model discovery and service implementation.

Starting this year, with the enforcement of financial MyData and amendments to the Electronic Government Act establishing legal grounds for personal data transfer requests in various fields, a common legal and institutional diagnosis for personal data utilization will be provided. Applicants can choose one of the core areas with high industry demand?MyData implementation, business model, or security?for in-depth consulting.

This project is open to private companies, public institutions, and local governments interested in MyData. Applications can be submitted online from the 14th to 27th at 16:00. Approximately 30 companies and institutions will be selected based on evaluation criteria such as MyData promotion conditions and the necessity of support. Selected companies will receive customized one-on-one consulting from experts in each field. The Promotion Agency also plans to hold an online project briefing session at 3 p.m. on the 15th.

Min Ki-young, President of the Korea Data Industry Promotion Agency, stated, “We hope that many new businesses that can invigorate the MyData industry will emerge through this consulting support project.” He added, “Going forward, the Promotion Agency will continue to support the successful business ventures of companies and institutions wishing to enter the MyData industry through education, seminars, and other means beyond consulting.”

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