Korea Federation of Micro Enterprise Wins Top Prize at 2025 Pseudonymized Information Utilization Contest

"Alternative Credit Evaluation Model Exclusively for Small Business Owners"
Jointly Developed by the Korea Federation of Micro Enterprise, KCB, and Korea Electric Power Corporation

The Korea Federation of Micro Enterprise announced on October 2 that it had received the top prize, the Chairman of the Financial Services Commission Award, in the Utilization Division of the 2025 Pseudonymized Information Utilization Contest organized by the Korea Internet & Security Agency (KISA).

(From left) Hansuho, Manager at the Korea Federation of Micro Enterprise; Shinho Lee, Deputy General Manager at Korea Electric Power Corporation; Yonggi Kim, Senior Manager at Korea Credit Bureau; Donghwan Kim, Director of Digital Finance Policy at the Financial Services Commission; Yeonwoo Kim, Senior Manager at Korea Electric Power Corporation; and Sungjin Joo, Manager at the Korea Federation of Micro Enterprise are taking a commemorative photo at the 2025 Pseudonymized Information Utilization Competition Award Ceremony. Korea Federation of Micro Enterprise

The award-winning model is an "Alternative Credit Evaluation Model exclusively for Small Business Owners," jointly developed by the Korea Federation of Micro Enterprise, Korea Credit Bureau (KCB), and Korea Electric Power Corporation.

This evaluation model analyzes the credit soundness of small business owners by combining various alternative data-such as Yellow Umbrella Mutual Aid subscription period, mutual aid fund payment amounts, electricity usage, and electricity bill payment information held by the Korea Federation of Micro Enterprise and Korea Electric Power Corporation-with business credit information from KCB, thereby providing an inclusive financial environment.

The three organizations have jointly integrated and analyzed small business owner-related data since August of last year to develop the evaluation model, and officially launched the model in September of this year.

Jeong Unyeol, Director of Digital Innovation, stated, "Winning at this contest acknowledges the potential of offering new financial opportunities to small business owners, a financially vulnerable group, by utilizing alternative data. We will do our utmost to expand the service to various financial and public institutions so that small business owners can benefit from tangible interest rate advantages."

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