(1) A credit information company, MyData company, or claims collection agency may concurrently perform business affairs (hereinafter referred to as "concurrent business affairs") which are unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order after filing a prior report with the Financial Services Commission, as prescribed by Prime Ministerial Decree. In such cases, any concurrent business affairs, which require authorization, permission, registration, approval, etc. of an administrative agency in accordance with any applicable individual statute, may be subject to prior authorization, permission, registration, approval, etc. in accordance with such individual statute: <Amended on May 28, 2013; Mar. 11, 2015; Feb. 4, 2020>
1. Deleted; <Feb. 4, 2020>
2. Deleted. <Feb. 4, 2020>
3. Deleted. <Feb. 4, 2020>
4. Deleted. <Feb. 4, 2020>
(2) Concurrent business affairs of a personal credit rating company shall be as follows: <Amended on Feb. 4, 2020>
1. Credit information business other than personal credit rating business;
2. Claims collection business;
3. Business affairs of an identification service agency under Article 23-3 of the Act on Promotion of Information and Communications Network Utilization and Information Protection;
4. Other business affairs prescribed by Presidential Decree as being unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(3) Concurrent business affairs of a sole proprietor credit rating company shall be as follows. <Added on Feb. 4, 2020>
1. Credit information business other than the sole proprietor credit rating business;
2. Claims collection business;
3. Business affairs of an identification service agency under Article 23-3 of the Act on Promotion of Information and Communications Network Utilization and Information Protection;
4. Other business affairs prescribed by Presidential Decree as being unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(4) Concurrent business affairs of a corporate credit inquiry company shall be as follows. <Added on Feb. 4, 2020>
1. Credit information business other than corporate credit inquiry business;
2. Claims collection business;
3. Other business affairs prescribed by Presidential Decree as being unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(5) Concurrent business affairs of a corporate credit inquiry company shall be as follows: <Added on Feb. 4, 2020>
1. Credit information business other than credit investigation business:
2. Business affairs of managing securitization assets under Article 10 of the Asset-Backed Securitization Act;
3. Other business affairs prescribed by Presidential Decree as being unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(6) Concurrent business affairs of a MyData company shall be as follows: <Added on Feb. 4, 2020>
1. Investment advisory business or discretionary investment business (limited to cases which are unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order and are prescribed by Presidential Decree) under Article 6(1)4 or 5 of the Financial Investment Services and Capital Markets Act;
2. Other business affairs prescribed by Presidential Decree as being unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(7) Concurrent business affairs of a claims collection agency shall be as follows: <Added on Feb. 4, 2020>
1. Credit information business;
2. Business affairs of managing securitization assets under Article 10 of the Asset-Backed Securitization Act;
3. Other business affairs prescribed by Presidential Decree as being unlikely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(8) The Financial Services Commission shall review the details of the prior report filed under the former part, with the exception of the subparagraphs, of paragraph (1) and accept it if it deems the report complies with this Act. <Added on Dec. 31, 2018; Feb. 4, 2020>[Title Amended on Feb. 4, 2020]