Korean Law in English
Laws › Credit Information Use and Protection Act › CHAPTER II PERMISSION FOR CREDIT INFORMATION BUSINESS

Credit Information Use and Protection Act — Article 7 (Public announcement on permission)

신용정보의 이용 및 보호에 관한 법률 제7조

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.

In any of the following cases, the Financial Services Commission shall without delay make a public announcement of the details thereof in the Official Gazette and make it known to the public by means of the website, etc.:

1. Where it grants permission for a credit information business, MyData business, or claims collection business pursuant to Article 4(2);

2. Where it authorizes transfer, acquisition, etc. pursuant to Article 10(1);

3. Where it accepts a declaration on business closure under Article 10(4);

4. Where it accepts a declaration on incidental business affairs under Article 11-2(1);

5. Where it issues an order for restriction or correction with regard to incidental business affairs under Article 11-2(8);

6. Where it revokes permission, transfer, acquisition, etc. of credit information business, MyData business, or claims collection business under Article 14(1);

7. Where it designates a data agency under Article 26-4(1).[This Article Wholly Amended on Feb. 4, 2020]

‹ Article 6All articlesArticle 8 ›

Korean original (law.go.kr) · Get articles as JSON via API

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law