More granular information on SMEs will be added to the public credit registry. Additional measures will enhance competition in the credit rating market.
December 29, 2022Individually owned enterprises or small merchants hit by Covid will be able to apply for debt adjustment starting in October.
September 1, 2022The FSC will adjust the evaluation criteria it uses to assess banks' tech financing performance to promote more lending to innovative SMEs.
December 1, 2021The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.
November 2, 2021The FSC is setting up a special financial response team and new monitoring system to root out speculation in the property market.
April 10, 2021The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.
February 27, 2021Korea Credit Information Services and the Financial Security Institute will be allowed to perform convergence of pseudonymised data originating from different financial businesses.
August 9, 2020Pension contributions data will be converged with KCB credit data using homomorphic encryption, technology which allows data analysis to be performed on encrypted data stored at different institutions.
July 19, 2020A new open data system will start providing anonymised credit information of two million people as sample data in June; and next year a financial data exchange will be launched.
June 5, 2019