(1) In assessing the credit standing of an individual credit data subject, a personal credit rating company shall consider information that can advantage the credit data subject in personal credit rating, as well as information that can disadvantage the credit data subject.
(2) A personal credit rating company shall not engage in the following conducts when performing a personal credit rating:
1. Discriminating without reasonable grounds on grounds of gender, place of birth, nationality, etc.;
2. Favorably or unfavorably reflecting certain assessment items without any reasonable grounds in rendering the personal credit rating model;
3. Other activities prescribed by Presidential Decree, which are likely to undermine the protection of credit data subjects or to disrupt the sound credit order.
(3) A private credit rating company conducting a specialized personal credit rating business shall not engage in unfair practices prescribed by Presidential Decree, such as raising the personal credit score of an individual credit data subject provided with goods or services by its affiliate (referring to an affiliate defined in subparagraph 12 of Article 2 of the Monopoly Regulation and Fair Trade Act). <Amended on Dec. 29, 2020>[This Article Added on Feb. 4, 2020]