No standing executive officers of a credit information company, MyData company, or claims collection agency shall engage in the ordinary course of business of a for-profit corporation without approval from the Financial Services Commission. <Amended on Feb. 4, 2020>
Laws › Credit Information Use and Protection Act › CHAPTER II PERMISSION FOR CREDIT INFORMATION BUSINESS
Credit Information Use and Protection Act — Article 13 (Prohibition of concurrent offices by executive officers)
신용정보의 이용 및 보호에 관한 법률 제13조
This English translation is based on the Korean text effective 2026-08-13. The Korean law has since been amended (current version effective 2026-09-11) — check the Korean original.
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