South Korea Credit Information Act
Transparency and notices – South Korea Credit Information Act

South Korea Credit Information Act 31: Publishing the credit information use system

What does 31 require?

Credit rating and corporate credit inquiry companies, credit bureaus and designated providers and users publish: a basic plan for protecting personal credit information (for larger firms), the types and purposes of credit information held, recipients, data subject rights and how to exercise them, for rating firms the types, weights and periods of information used in ratings, the PIPA privacy policy items on security measures and automated collection, and other Decree items, following PIPA Article 30(2) when they change.

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