Strengthening Data Linkage Cooperation... Korea Credit Information Services and National Health Insurance Service MOU

Data Integration Project Discovery and Collaborative Research

Shin Hyun-jun, President of the Korea Credit Information Services, is taking a commemorative photo after signing a business agreement with Kang Do-tae, President of the National Health Insurance Service, on the 3rd. (Photo by Korea Credit Information Services)

[Asia Economy Reporter Minwoo Lee] The Korea Credit Information Services (KCIS) has partnered with the National Health Insurance Service (NHIS). They plan to continuously discover data linkage cooperation projects and conduct various research.

On the 3rd, KCIS announced that it signed a "Memorandum of Understanding (MOU) for the Development of the Financial Industry and National Health Insurance System" with NHIS. The agreement aims to enhance financial stability through strengthened risk management in the financial industry and promote social security by reinforcing the soundness of health insurance finances.

Accordingly, both organizations will continuously identify data linkage cooperation projects in the future and maintain mutual collaboration on joint research aimed at reducing financial costs for groups with limited financial history, such as young adults entering society and housewives.

Additionally, to encourage voluntary payment of overdue health, pension, employment, and industrial accident insurance premiums, they will actively cooperate on ongoing projects such as sharing overdue information from workplaces and information on unjust enrichment overdue payments.

Shin Hyun-jun, President of KCIS, stated, "I hope that practical cooperative projects will be promoted in a direction that improves public welfare by utilizing public information and credit information."

Kang Do-tae, Director of NHIS, said, "With this agreement, each institution will be able to utilize data more broadly and strengthen cooperation, thereby more effectively fulfilling their public roles of promoting social security and enhancing financial stability."

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