Explain like I'm five · Emerging Tech

What is MyData?

MyData, told as a story about gathering my own information — scattered across the bank, hospital, and telecom — into one view, with my own consent.

bankhospitaltelecomit's my own data, but I can't see it all at once

It's my own data, but I can't see it all at once.My data is scattered across the bank, the hospital, and the telecom.

bank shows only bank datahospital shows only hospital dataeach institution keeps its own pile, so my data never comes togetherI had no way to move my own data elsewhere

Each institution shows only its own data.I had no way to move my own data elsewhere.

okay, I agreeMyData = with my consent, my data gathers into one view — and can move elsewhere too

MyData means that, with my consent, my data gathers into one view — and can move elsewhere too.MyData starts from the idea that 'my data is mine.'

Moves only with my consentmy data moves only if I say yes
Transferred via standard APIsimilar to how open banking shares bank data
Viewed all in one placeseveral institutions, one view
Personalized recommendationsa provider picks services for me from the gathered data
HOW IT FLOWSbank, telecom, hospital — my scattered dataI consent — I decide where it goesa MyData provider — gathers it via a standard APImy unified dashboard — shows all my data at oncewithout my consent, my data doesn't move

Without my consent, my data doesn't move.My data flows through a standard API and ends up on my own dashboard.

consenting doesn't erase breach riskcan't import data if standards differnot every institution participates in MyData

Consenting doesn't erase breach risk, and not every institution participates in MyData.If an institution's data standard doesn't match, the data can't be imported.

In one breath

MyData starts from the idea that 'my data is mine' — letting me consent to gather my own information from several institutions into one view, and move it elsewhere too.

MyData is a system built on the data subject's (an individual's) right to data portability — the right to directly request that their own data be transferred (Korea's system calls it the right to request transmission). Through standardized APIs, it lets individuals view data from multiple institutions (banking, telecom, healthcare) together, or send it to a third party, all with their own consent. Even with a consent process, breach risk doesn't disappear, and not every institution supports the standard.

When grown-ups say it

MyData
A system letting me gather my own data. It all starts with my own consent.
Data Portability Right
My right to request my own data be transferred. Its basis is Article 35-2 of the Personal Information Protection Act (in force March 2025); for finance, Article 33-2 of the Credit Information Act.
Open Banking
Exchanging bank data via a standard API. A similar case that also uses standard APIs, as MyData does.
MyData Provider
The go-between that gathers data from several institutions. Connects the data through standard APIs.
Data Breach
An accident where my data leaks out; consenting doesn't remove the risk. MyData is no exception.
Smart City
Gathering citywide data to coordinate services. Raises the same concern about how much personal data gets collected. → the Smart City booth
Standardization
Making institutions' different data formats match. Without matching standards, data can't be imported.
Personal Information Protection Act
The law behind consent and portability rights. It is widening data-transfer rights step by step, starting with healthcare and telecom.
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