The Financial Services Commission may designate and publicly notify a corporation that meets the requirements prescribed by Presidential Decree to perform the following business affairs:
1. Purchasing claims against credit data subjects as debtors;
2. Debt adjustment, such as reduction of principal and interest (referring to modification of the terms of debt by any of the methods specified in the subparagraphs of Article 73 of the Microfinance Support Act);
3. Preservation, collection, or write-off of purchased claims;
4. Investigation of the assets, income, and other property of the credit data subjects referred to in subparagraph 1;
5. Follow-up management of purchased claims.[This Article Added on May 12, 2026][The amended provisions of Article 44-2 of Act No. 21646 (May 12, 2026) shall remain effective until August 12, 2029 pursuant to Article 2 of the Addenda to that Act.]