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

South Korea Credit Information Act 20.3-8: Credit information manager and protection officer

What does 20.3-8 require?

Licensed companies, credit bureaus and designated providers and users appoint at least one credit information manager and protection officer (an officer-level person where Decree size thresholds are met) who carries out the PIPA chief privacy officer duties for personal credit information, checks compliance of staff and exclusive agents, and for corporate credit information runs the management and protection plan, periodic reviews, rights handling, internal controls against leakage and training; designated companies' officers periodically inspect the management and protection of personal credit information and submit the results to the FSC.

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

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