Republic of Korea: Financial Services Commission Verification System for AI-driven Credit Scoring Model and AI Security Guideline
Progress
Current status
adopted
17 Apr 2023 adopted
Scope
Implementers
Republic of Korea
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
ML and AI development
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Implemented Verification System for AI-driven Credit Scoring Model and AI Security Guideline including data protection regulation
On 17 April 2023, the Korean Financial Services Commission (FSC) introduced a verification system for artificial intelligence (AI)-driven credit scoring model and a security guideline for the use of AI in the financial sector. In particular, the AI …
Event type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body