The official source lists more than one English text for this article (for example an amendment with a different effective date). Check the Korean original for the version in force.
version 1 of 2(1) Where the centralized credit information collection agency under Article 25 (2) 1 of the Credit Information Use and Protection Act requests personal information and the data on the amount of arrears, etc. (hereinafter referred to as "data on delayed payment of wages, etc.") of the business owner in arrear against whom at least twice of conviction are upheld due to his or her failure to pay the wages, etc. within three years prior to the date of provision of the data on delayed wages. etc. and the total amount of money in arrear with the wages, etc. during the period of one year prior to the date of such provision of the data is at least 20 million won, the Minister of Employment and Labor may provide the aforementioned data if deemed necessary to prevent delay in payment of wages, etc.: Provided, That this shall not apply where the disclosure of name is not effective due to death of the business owner in arrear or closure of business or where other reasons prescribed by Presidential Decree exist.
(2) A person who has received the data on delayed payment of wages, etc. pursuant to paragraph (1) shall not use or disclose such data for purposes other than assessing credit ratings and creditworthiness of the business owner in arrears.
(3) The procedures, methods, etc. for providing the data on delayed payment of wages, etc. pursuant to paragraph (1) and other necessary matters for the provision shall be prescribed by Presidential Decree.[This Article Newly Inserted on Feb. 1, 2012]
version 2 of 2(1) Where the centralized credit information collection agency under Article 25 (2) 1 of the Credit Information Use and Protection Act requests the personal information and data on the amount of arrears, etc. (hereinafter referred to as "data on delayed payment of wages, etc.") of any of the following business owners habitually in arrears, the Minister of Employment and Labor may provide the data to the agency if deemed necessary to prevent delays in the payment of wages, etc.: Provided, That this shall not apply where the disclosure of the names would be ineffective due to the death of the business owner in arrears, the closure of the business, or other circumstances prescribed by Presidential Decree: <Amended on Oct. 22, 2024>
1.A business owner in arrears whose total amount in arrears is at least 20 million won within 1 year before the date of provision of the data on delayed payment of wages, etc., and who has been convicted at least twice of failing to pay wages, etc. within 3 years before the provision of the data;
2. A business owner habitually in arrears under Article 43-4.
(2) A person who has received the data on delayed payment of wages, etc. pursuant to paragraph (1) shall not use or disclose such data for purposes other than assessing credit ratings and creditworthiness of the business owner in arrears.
(3) The procedures, methods, etc. for providing the data on delayed payment of wages, etc. pursuant to paragraph (1) and other necessary matters for the provision shall be prescribed by Presidential Decree.[This Article Newly Inserted on Feb. 1, 2012][Enforcement Date: Oct. 23, 2025] Article 43-3