The current Act prescribes that if a credit information provider/user intends to provide any personal credit information to any other person, he/she shall obtain individual consent in advance from the relevant owner of credit information each time he/she intends to provide personal credit information. However, in many cases, people find it difficult to understand or inconvenient to read through the details of such consent form so they just do not pay much attention. 
Accordingly, the Act aims to introduce a rating system concerning the scope of using personal credit information and require a credit information provider/user to notify the relevant owner of credit information of his/her rating when asking for consent, thereby allowing such owner of credit information to clearly and easily recognize how his/her personal information is used and raising public awareness of the protection of personal credit information (Article 32-2 newly inserted).

Credit information companies, etc., shall notify the relevant owner of credit information of his/her own rating concerning the scope of using personal credit information (Article 32-2).