KOSCOM Designated as the First MyData "Intermediary Institution"

Designated as the First Intermediary Institution by the Personal Information Commission
Laying the Foundation for a Data Innovation Ecosystem Including MyData and AI

KOSCOM announced on May 29 that it was designated as a MyData "Intermediary Institution" by the Personal Information Protection Commission (hereinafter referred to as the Personal Information Commission) last month.

An Intermediary Institution is an organization designated under personal information protection laws that sits between data transmitters, who are required to transfer data at the request of the data subject, and MyData service providers. It provides the necessary functions for personal data intermediation and is responsible for related technologies and standardization.

On the afternoon of the 7th, attendees are taking a commemorative photo at the "Personal Information Commission-KOSCOM (Intermediary Institution) Business Agreement Ceremony" held at the Government Seoul Office in Jongno-gu, Seoul. Photo by KOSCOM

Prior to its designation, KOSCOM underwent approximately one month of document review, on-site inspection, and comprehensive evaluation to verify its protection systems, expertise, facilities, and technologies required of an Intermediary Institution. On May 7, to promote the activation of MyData, KOSCOM signed a business agreement with the Personal Information Commission for "MyData Intermediation Services."

Going forward, KOSCOM plans to leverage its experience in financial sector intermediation and its proprietary cloud-based intermediary system to provide a safe and efficient personal information transfer system, starting with the telecommunications sector.

Additionally, to promote the activation of the MyData and AI industries, KOSCOM will strengthen education, consulting, and collaborative projects targeting MyData service startup companies and small and medium-sized enterprises seeking to enter related infrastructure businesses.

Shin Kyungho, Executive Director of KOSCOM's Data Business Division, stated, "As MyData expands into all sectors, we are now facing a transition from services that conveniently integrate personal information queries to AI-based hyper-personalized services. Accordingly, as an Intermediary Institution, we will do our utmost to fulfill our role as a foundation builder for an innovative data industry ecosystem, beyond merely serving as a simple intermediary."

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