Republic of Korea: Implemented Verification System for AI-driven Credit Scoring Model and AI Security Guideline including data protection regulation
Description
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 …
Scope
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
ML and AI development
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body