CrossHub announced that it has been selected as a joint project partner for the Gangwon Industry-Academia Cooperation Institute 's "ISLMP (International Student Lifecycle Management Platform)" project. This project aims to streamline administrative procedures to enable university students in depopulated areas to balance their studies and work, leveraging regulatory sandboxes from relevant ministries, including the Ministry of Land, Infrastructure and Transport, the Ministry of Justice, and the Ministry of Education.
The ISLMP project is a regional settlement model that links international students' studies and employment opportunities. This public-private partnership aims to address population decline and revitalize the local economy by establishing a collaborative system among local universities, industries, and the government. It focuses on addressing the difficulties international students face in settling in the region due to the current Immigration Control Act's restrictions on working hours (20 hours per week) and fixed school systems (four-year programs), and on addressing the issue of illegal work.
This project is also linked to the Ministry of Education's "Study Korea 300K Project." The project aims to attract 300,000 international students by 2030 and emphasizes the need for policies to support depopulating regions and foster specialized talent in these regions.
CrossHub will participate as a joint partner in this project, forming a large-scale consortium involving telecommunications companies, banks, and approximately 400 universities nationwide. The project will last for a total of six years (four years + two years), during which time a regulatory sandbox pilot project will be implemented.
“This agreement will serve as a model case for utilizing the technology and system integration (SI) of CrossHub, a global identity authentication company,” said Kim Hwan-seok, director of the Gangwon University-Industry Cooperation Institute.
CrossHub Vice President Park Jeong-hee stated, "Once the ISLMP project is fully operational, international students will be able to verify their identity and obtain various certificates online." He added, "We plan to expand the scope of our services to include simple payment registration, certificate acquisition, and issuance." Vice President Park predicted, "Starting with 5,000 students from universities in the Gangwon region in the first half of 2026, we will grow to approximately 260,000 users nationwide in the second half of the year."
“We plan to build a stable platform by collaborating with Crosshub, which has strengths in security, operation, and fintech technologies,” said Sangyong Ra, head of the Smart Convergence Business Unit at the Gangwon University-Industry Convergence Institute. “We expect this project to promote the development of financial products targeting foreigners through deregulation and contribute to solving the problem of labor shortages in depopulated regions.”
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