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Credit Information Use and Protection Act — Article 8 (Matters to declare and report)

신용정보의 이용 및 보호에 관한 법률 제8조

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 a credit information company, MyData company, or claims collection agency intends to modify any matters prescribed by Presidential Decree out of those permitted under Article 4(2), it shall file a prior report with the Financial Services Commission; provided, if it intends to modify minor matters prescribed by Presidential Decree, it shall file a report about the fact with the Financial Services Commission within seven days from the date when such reason occurs. <Amended on Dec. 31, 2018; Feb. 4, 2020>

(2) The Financial Services Commission shall review the details of the report in the main clause of paragraph (1) and accept it if it deems the report complies with this Act. <Added on Dec. 31, 2018>

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