Publications
ViPP Series
Designing Sustainable MyData Frameworks for Georgia_A Comparative Study of Korea's Experience and Its Policy Adaptation
- Date 2026-02-23
This study is a comparative analysis conducted to explore how Korea’s MyData framework can be incorporated into Georgia’s open banking and open finance development strategy. Korea has established a user-centric data ecosystem that spans finance, telecommunications, healthcare, and the public sector. This ecosystem is supported by a world-leading Data Re-use Index, a mature MyData infrastructure, a stringent licensing data-protection regime, and extensive API standardization. In contrast, Georgia remains in the early stages of PSD2-based open banking and will need to transition toward PSD3 and the Financial Data Access (FiDA) framework. This transition requires strengthening data sovereignty, expanding data portability rights, and designing a MyData-based system that can foster private-sector innovation.
Drawing on Korea’s experience, this study presents policy recommendations for Georgia’s transition toward a data-driven economy, including regulatory design, API standardization, governance structures, the scope of data provision, fee and settlement mechanisms, licensing requirements, and consumer-protection frameworks.
Drawing on Korea’s experience, this study presents policy recommendations for Georgia’s transition toward a data-driven economy, including regulatory design, API standardization, governance structures, the scope of data provision, fee and settlement mechanisms, licensing requirements, and consumer-protection frameworks.
- 다음글 Alternative Credit Scoring Regulatory Framework: Comparison Between Indonesia and Korea
- 이전글 Designing Sustainable MyData Frameworks for Vietnam: A Comparative Study of Korea's Experience and Policy Adaptation for Local Innovation