South Korea Credit Information Act
Accuracy, security, records and retention – South Korea Credit Information Act

South Korea Credit Information Act 18: Accuracy, currency and removal of adverse information

What does 18 require?

Credit information is registered, changed and managed so it stays accurate and current, and information that can disadvantage the data subject is removed from registration and management within at most five years of the cause being resolved, except for the credit bureau's creditor change information and Decree cases.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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