(1) Where a credit information provider or user refuses or cancels a commercial transaction relationship with his or her counterparty on the basis of personal credit information prescribed by Presidential Decree, which has been provided by a personal credit rating company, sole proprietor credit rating company, corporate credit inquiry company (excluding corporate credit inquiry companies engaged only in the business affairs of corporate information inquiry), or a credit information collection agency, the credit information provider or user shall, upon the request of the relevant credit data subject, notify the relevant credit data subject of the matters prescribed by Presidential Decree, including the credit information that gave rise to the refusal or cancellation thereof. <Amended on Feb. 4, 2020>
(2) Where a credit data subject has any objection to the details of his or her own information notified under paragraph (1), he or she may request, within 60 days from the receipt of such notification under paragraph (1), the personal credit rating company, sole proprietor credit rating company, corporate credit inquiry company (excluding corporate credit inquiry companies engaged only in the business affairs of corporate information inquiry), and the credit information collection agency, which have collected and provided such information, to verify the accuracy of such information. <Amended on Feb. 4, 2020>
(3) With regard to the procedures for verification under paragraph (2), Article 38 shall apply mutatis mutandis.