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Financial Regulator to Ease Use of Credit Information without Personal Data

Financial Regulator to Ease Use of Credit Information without Personal Data

SEOUL, June 4 (Korea Bizwire) – From September or sooner, Korean financial institutions will be able to freely use personal credit information on the condition that individuals are not identified, giving them a way to offer financial products using big data collected from consumers. The Financial Services Commission (FSC) decided on June 3 to move forward [...]