Korean Law in English
Laws › Credit Information Use and Protection Act › CHAPTER VIII SUPPLEMENTARY PROVISIONS

Credit Information Use and Protection Act — Article 45-2 (Financial Services Commission's authority to issue orders to take measures)

신용정보의 이용 및 보호에 관한 법률 제45조의2

This English translation is based on the Korean text effective 2026-08-13. The Korean law has since been amended (current version effective 2026-09-11) — check the Korean original.

The Financial Services Commission may order a credit information company, etc. to take necessary measures, such as submission of data, suspension of processing, corrective measures, and public disclosure with respect to the following matters, in order to protect credit data subjects and establish sound credit order:

1. Matters regarding credit information held by credit information companies, etc.;

2. Matters regarding processing of credit information;

3. Matters regarding improving the business affairs of credit information companies, etc.;

4. Matters regarding the disclosure of the credit information utilization status;

5. Other matters prescribed by Presidential Decree as necessary for protecting credit data subjects or establishing a sound credit order.[This Article Added on Feb. 4, 2020]

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