South Korea Credit Information Act
Data subject rights – South Korea Credit Information Act

South Korea Credit Information Act 36-2: Explanation and objection for automated evaluation

What does 36-2 require?

Individuals may ask credit rating companies and designated providers and users whether automated evaluation is used for credit rating, designated credit decisions or other Decree actions and, if so, for the result, main criteria and an outline of the underlying data; they may submit favourable information, and ask for inaccurate or outdated data to be corrected or deleted and the result recalculated; requests may be refused only where law requires, where the relationship could not otherwise be set up or maintained, or in similar Decree cases.

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