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

Credit Information Use and Protection Act — Article 46 (Notification of content of measure for retired executive officer)

신용정보의 이용 및 보호에 관한 법률 제46조

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) Where it is deemed that an executive office or employee retired from a credit information company, etc. would receive a measure falling under any of Article 45(7)2 through 4 if he or she held his or her office in such credit information company or were under employment by such credit information company, the Financial Commission (including the Governor of the Financial Supervisory Service empowered to make a measure pursuant to Article 45(7)) may notify the content of such measure to the head of such credit information company, etc.

(2) The head of the credit information company, etc. in receipt of the notification under paragraph (1) shall notify the relevant retired executive officer or employee of such notification, and record and keep the content of such measure.[This Article Added on Apr. 18, 2017]

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