–
[라이센스뉴스 정재혁 기자] The financial authorities announced on the 22nd that 21 companies, including financial companies, fintech companies, and electronic financial companies affiliated with e-commerce companies, have received preliminary licenses for their own credit information management business (My Data). Of the 35 companies that applied for preliminary permission in October, the review was conducted on 29 companies excluding 6 companies withheld the review.
Of the 21 companies that received preliminary licenses this time, 13 financial companies are Kookmin Bank, Nonghyup Bank, Shinhan Bank, Woori Bank, Kookmin Card, Woori Card, Shinhan Card, Hyundai Card, BC Card, Hyundai Capital, Mirae Asset Daewoo, National Agricultural Cooperative Federation, Welcome Savings Bank.
The remaining eight fintech companies are Naver Financial, Rainist, Bomap, Finda, Timwink, Korea Financial Solutions, Korea Credit Data, and NHN Payco. Eight companies, including Kakao Pay and Viva Republica (Toss), which have gained interest, are being judged as’complementary companies with permission’.
The six companies whose screening has been pending are Hana Financial’s affiliates Hana Bank, Hana Card, Hana Financial Investment, and Fink, as well as Samsung Card and Kyungnam Bank.
In the case of four affiliates of Hana Financial, the review was pending because the majority shareholder Hana Financial was accused. In June 2017, it was not resolved that the Participation Solidarity accused the prosecutor of the prosecution for violating the banking law on suspicion that Hana Bank employees who helped manage Choi Seo-won were promoted preferentially.
Samsung Card, too, was put on hold because Samsung Life, the largest shareholder, was subject to sanctions by the Financial Supervisory Service due to the issue of payment of cancer insurance in nursing hospitals. Kyongnam Bank also affected the fact that BNK Financial Group, the largest shareholder, was fined in court for manipulating stock prices.
On the other hand, companies that have obtained the preliminary license this time have sufficient security facilities to process and protect large amounts of personal credit information during the preliminary license process, provide innovative services for consumers, and have a reasonable business plan, including the establishment of a consumer protection system. It was reviewed for six requirements, including paper.
The 21 companies that have received the preliminary license are expected to obtain the main license for My Data at the end of January next year through the main license review, and the eight’Compensation for Permitted Companies’ and two companies applying in November (SC First Bank, SK Planet) will be 1 next year. In mid-March, the results of the preliminary permission examination are planned to be submitted to the Financial Services Commission.
Apart from the licensing process, the financial authorities have an institutional mechanism to strengthen consumer protection in the my data industry.
The’My Data Guideline’, which includes the method of signing up and consenting to the My Data service, the scope of information provided through My Data, safe data transmission methods, and consumer protection measures, will be prepared by February next year.
An official from the Financial Services Commission said, “As a protector of consumer information sovereignty, we will continue to prepare for the successful implementation of the my data industry.”
– .
