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![A user shows Woori Bank's MyData application and website on Wednesday, the first day companies were approved to start such services by the Financial Services Commission. MyData is a government-led project that allows businesses to access user information upon their consent. Woori Bank's will allow its users to check all of their financial information such as savings, loans and insurance payments in one app. [YONHAP]](https://image.koreajoongangdaily.com/10957247.jpg?imageId=10957247&width=240&height=184&format=webp&format=jpg)
![[CHOI JEONG-YOON]](https://image.koreajoongangdaily.com/11165013.jpg?imageId=11165013&width=240&height=184&format=webp&format=jpg)
![From left: Woori Bank CEO Kwon Kwang-seok, KT CEO Ku Hyeon-mo, Woori Financial Group Chairman Sohn Tae-seung and BC Card CEO Lee Dong-myun pose at an MOU signing ceremony on Aug. 19. [WOORI BANK]](https://image.koreajoongangdaily.com/10645991.jpg?imageId=10645991&width=240&height=184&format=webp&format=jpg)
![The National Assembly on Jan. 9 approves data reform legislation that relaxed restrictions on access and utilization of personal information considered to have held back the development of innovative services and products. [YONHAP]](https://image.koreajoongangdaily.com/10979420.jpg?imageId=10979420&width=240&height=184&format=webp&format=jpg)