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

Credit Information Use and Protection Act — Article 45-5 (Regular evaluation of status of utilization and management of personal credit information)

신용정보의 이용 및 보호에 관한 법률 제45조의5

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.

(1) The Financial Services Commission may require a credit information company, etc. prescribed by Presidential Decree, to submit the results of an inspection conducted by a credit information administrator or guardian pursuant to Article 20(6), and verify the results and indicate the results thereof in scores or ratings.

(2) The Financial Services Commission may send the scores or ratings indicated under paragraph (1) and other matters prescribed by Presidential Decree to the Governor of the Financial Supervisory Service, so as to use them for inspections under Article 45(3).

(3) Matters concerning the confirmation of the results of the inspection, and indication of scores and ratings under paragraph (1), and methods, procedures, etc. for transmission under paragraph (2) shall be determined and publicly notified by the Financial Services Commission.[This Article Added on Feb. 4, 2020]

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