(1) A credit data subject may request a personal credit rating company and a credit information provider or user prescribed by Presidential Decree (hereafter in this Article, referred to as "personal credit rating company, etc.") to explain the following:
1. Whether the following act is done by automated evaluation:a. Personal credit rating;b. Determination on whether to create and maintain financial transactions prescribed by Presidential Decree (limited to credit information providers and users prescribed by Presidential Decree);c. Other acts prescribed by Presidential Decree, which are likely to undermine the protection of personal credit information if handled only with a computer or other information processing device;
2. The following matters in cases of automated evaluation:a. Results of automation evaluation;b. Major criteria for automated evaluation;c. Outline of the underlying information used in automated evaluation (hereafter in this Article referred to as "underlying information");d. Other matters prescribed by Presidential Decree, which are similar to those referred to in items a through c.
(2) An individual credit data subject may perform the following acts with respect to a private credit rating company, etc.:
1. Submission of information that is deemed advantageous to the relevant credit data subject in automated evaluation;
2. Any of the following activities, where the details of underlying information used in the automated evaluation are deemed incorrect or not up-to-date:a. Requesting correction or deletion of underlying information;b. Requesting for re-calculation of the results of automation evaluation.
(3) In any of the following cases, a personal credit rating company, etc. may reject a request from a credit data subject under paragraphs (1) and (2):
1. Where special provisions exist in this Act or other statues or it is unavoidable for performing any obligation under statutes or regulations;
2. Where complying with a request by the relevant credit data subject makes it impracticable to establish, maintain, etc. a commercial transaction relationship, including financial transactions;
3. Other cases prescribed by Presidential Decree, which are similar to those provided in subparagraphs 1 and 2.
(4) The procedures and methods for requests under paragraphs (1) and (2) and notice of rejection and other necessary matters shall be prescribed by Presidential Decree.[This Article Added on Feb. 4, 2020]