Vice Chairman holds meeting to discuss ways to upgrade personal credit data managementMar 28, 2024

Vice Chairman Kim Soyoung of the Financial Services Commission presided over a meeting with officials from related organizations and industry associations on March 28 to have talks on ways to improve the personal credit data management system with aims to support the credit recovery of vulnerable individuals and prevent vishing scams. At the meeting, Vice Chairman Kim discussed the significance of the improvement measures and pledged to promptly implement follow-up measures to assist the vulnerable. The FSC also announced proposals for revisions to relevant rules under the Credit Information Use and Protection Act, with aims to assist the credit recovery of vulnerable groups, prevent vishing scams, and overhaul regulations on data usage.