(1) A credit information provider or user prescribed by Presidential Decree shall notify a credit data subject of the rating assessed by the Financial Services Commission (hereafter referred to as "consent rating for the use of information" in this Article) with respect to matters requiring consent to the use of information and obtain consent thereto. The same shall apply to cases where important matters prescribed by Presidential Decree have been changed among matters requiring consent to the use of information.
(2) The Financial Services Commission shall consider the following matters when granting the consent rating for the use of information pursuant to paragraph (1):
1. Matters regarding the risk of infringing on privacy and freedom following the use of information (including whether the personal credit information to be used is sensitive information referred to in Article 23 of the Personal Information Protection Act);
2. Advantages or benefits to the use of information for the credit data subject;
3. Matters prescribed in Article 34-2(2)1 and 2;
4. Other matters similar to those provided in subparagraphs 1 through 3, which are prescribed by Presidential Decree.
(3) If a credit information provider or user under paragraph (1) is given a consent rating for the use of information by fraud or other improper means or in other cases prescribed by Presidential Decree, the Financial Services Commission may revoke or change the consent rating for the use of information.
(4) The methods and procedures for the consent rating for the use of information pursuant to paragraphs (1) and (2) and the revocation and change pursuant to paragraph (3) shall be prescribed by Presidential Decree.[This Article Added on Feb. 4, 2020]