South Korea Credit Information Act
MyData and data transmission – South Korea Credit Information Act

South Korea Credit Information Act 33-2: Right to transmission of personal credit information

What does 33-2 require?

Individuals may require providers and users (and designated public bodies) to transmit their personal credit information (collected from, provided by or generated in the relationship with them, computer-processed and not separately derived) to themselves, a MyData operator, designated users, a credit rating company or others the Decree names; holders transmit without delay in machine-readable form notwithstanding financial secrecy, tax and PIPA restrictions, support periodic transmission on request, accept requests specifying holder, data, recipient and frequency by secure electronic means, allow withdrawal, and may refuse or stop only in Decree cases such as failed identity verification.

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

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