YEONSAN SCHOLARSHIP FOUNDATION (hereinafter the "Foundation") values your personal information and complies with the Act on Promotion of Information and Communications Network Utilization and Information Protection, Etc. Through this Privacy Policy, we explain how personal information you provide is used, and what measures we take to protect it.
If we revise this Privacy Policy, we will post the changes on our website notices (or notify you individually).
This policy is effective as of 2026-05-01.
1. Personal information we collect
We collect the following personal information for membership registration, inquiries, and service applications.
Items collected: name, user ID, password, contact information, home address, email, service usage history, access logs, IP address at sign-in, SMS opt-in status
How we collect it: website (member registration)
2. Purposes of collection and use
We use the personal information we collect for the following purposes.
Member administration: verifying identity in connection with member-only services, identifying individuals, preventing fraudulent or unauthorized use by members, confirming intent to join, handling complaints and inquiries, delivering notices
Marketing and advertising: sending promotional information such as events, measuring visit frequency, and statistical analysis of how members use the services
Information you provide is not used beyond what is necessary for the above purposes. If the scope, purpose, or use of the information we collect changes, we will obtain separate consent or take other steps required by law.
3. Retention and use period
In principle, we destroy personal information without undue delay once the purpose of collection and use has been achieved. However, if we must retain information under applicable law, we may keep member information for the periods specified below.
Items retained and legal basis for retaining transaction records
- - Records concerning contracts or withdrawal of offers, etc.: retention period 3 years
- - Records concerning contracts or withdrawal of offers, etc.: 5 years (Act on the Consumer Protection in Electronic Commerce, Etc.)
- - Records of payment and supply of goods, etc.: 5 years (Act on the Consumer Protection in Electronic Commerce, Etc.)
- - Records of consumer complaints or dispute resolution: 3 years (Act on the Consumer Protection in Electronic Commerce, Etc.)
4. Destruction procedure and methods
In principle, after the purpose of collecting and using personal information has been fulfilled, we destroy the information without undue delay. Procedures and methods are as follows.
Destruction procedure
Information you entered for membership registration, etc., is transferred to a separate database after the purpose is achieved (or stored in a separate filing cabinet if in paper form), kept for a certain period under our internal policy and other applicable laws (see retention and use period), and then destroyed.
Personal information moved to a separate database is not used for any purpose other than retention as required by law.
Destruction methods
Personal information stored in electronic file form is deleted using technical methods that make the records unrecoverable.
5. Providing personal information to third parties
We do not, in principle, provide users' personal information to outside parties. Exceptions apply only in the following cases.
Where users have given prior consent; where required by law; or where investigative agencies request information in accordance with procedures and methods prescribed by law for investigative purposes.
6. Hosting and maintenance
To operate our services, we entrust the following work to external specialists.
- - Processor: Three Ania I&C Co., Ltd.
- - Scope of processing: website and system management (hosting / maintenance)
7. Rights of users and legal representatives and how to exercise them
You or your legal representative may at any time view or correct personal information registered for yourself or for a child under 14, or request withdrawal of membership.
To view or correct personal information, use "Change personal information" (or "Edit account," etc.); to withdraw membership (revoke consent), click "Close account," complete identity verification, and then you may view, correct, or delete your information directly. Alternatively, contact our privacy officer in writing, by phone, or by email, and we will take action without undue delay.
If you request correction of inaccurate personal information, we will not use or provide that information until the correction is completed. If incorrect personal information has already been provided to a third party, we will notify that third party of the correction without undue delay so that the correction can be made.
Personal information deleted or destroyed at your or your legal representative's request is handled as described in "Retention and use of personal information collected by the Foundation," and is not viewed or used for any other purpose.
8. Cookies and how to refuse them
We may use cookies and similar technologies that store and retrieve information from time to time. A cookie is a small text file sent from the server that operates the website to your browser and stored on your computer's hard drive.
We use cookies for the following purposes.
Purposes of using cookies
We analyze visit frequency and time for members and non-members, understand preferences and interests, track browsing activity, and measure participation in events and number of visits, in order to support targeted marketing and personalized services. You may choose whether to accept cookies.
Therefore, you may allow all cookies, be prompted each time a cookie is saved, or refuse all cookies through your browser settings.
How to refuse cookies
You can allow all cookies, confirm each time a cookie is saved, or refuse all cookies by changing the options in the web browser you use.
How to change settings
Example (Internet Explorer): Tools > Internet Options > Privacy
Note: If you refuse cookies, some services may not work properly.
9. Privacy inquiries and complaints
To protect customers' personal information and handle complaints, we designate the following departments and privacy officer.
- Customer service
-
Department:
Phone: 031-820-1514
Email: mbs@lakewood.co.klr
- Privacy officer
-
Name:
Phone: 031-820-1514
Email: mbs@lakewood.co.klr
If you need to report a privacy violation or seek advice, you may contact the following organizations.
- - Personal Information Infringement Report Center (privacy.kisa.or.kr / dial 118, no area code)
- - Supreme Prosecutors' Office, Cyber Investigation Department (www.spo.go.kr / dial 1301, no area code)
- - National Police Agency, Cyber Investigation Bureau (police.go.kr / dial 182, no area code)