Credit Business Change Registration Within 15 Days — Value-Added Telecom and Location-Based Service Reports and Mandatory Ad Disclosures When Launching a Loan App or Website

Procedure

1. 1. Confirm the app's business model and the registering authority

   First determine whether the app or website only presents and contracts the company's own loan products, or whether it runs a bulletin board that discloses or provides borrowers' personal information or other lenders' contact details. The latter is brokerage using a lending brokerage system and requires registration with the Financial Services Commission; a business registered with a city or province that comes under this category must submit the documents for a change of registering authority to its current authority within 15 days from the date the reason arises. Registration of a lending brokerage system also requires computer and security facilities and at least 1 professional to manage them.

2. 2. Identify the registered particulars that change

   Compare whether online operations change the specific content and method of the credit business and the phone number and website address used in advertising. Minor matters, such as a change of address of the representative or officers or a change of an investor holding 5/100 or less of total investment, are excluded from change registration. Calculate the 15-day deadline from the date of change and align the app launch and ad campaign dates with that schedule.

3. 3. Prepare and submit the change registration application

   A business registered with a city or province uses the change registration application in Form 7 of the Regulations on Supervision of Credit Business, etc., and a business registered with the Financial Services Commission uses the form set by the Governor of the Financial Supervisory Service. Attach the original registration certificate, the corporate register certificate, the corporate seal certificate and documents proving the change, and submit them to the city or provincial governor or the Financial Services Commission where the business is currently registered. If the business location, investors, representative or officers also change, add the attachments required for each item.

4. 4. Check value-added telecom and location-based service reports

   If the service provided through the app or website is a value-added telecommunications service, report it to the Minister of Science and ICT under Article 22 of the Telecommunications Business Act. A business with capital of 100,000,000 won or less that provides value-added telecommunications services over the internet is deemed to have reported, but once its capital exceeds 100,000,000 won it must report within 1 month. If the app receives and uses users' personal location information, file a location-based service business report with the Korea Media and Communications Commission under Article 9 of the Location Information Act.

5. 5. Review disclosures on app screens and online ads

   An advertisement of loan terms must include the name or representative's name, the credit business registration number, the loan interest rate converted to an annual rate and the default interest rate, any additional costs, early repayment terms and the warning about excessive debt. It must also show the business address and the registered advertising phone number, and the name and phone number of the city, province or Financial Services Commission where the business is registered, with the registration number, phone number and interest rate in letters the same size as or larger than the trade name. Expressions that could be mistaken for a financial institution or a government-supported low-income financial product cannot be used.

Required documents

• Credit business change registration application (Form 7 of the Regulations on Supervision of Credit Business, etc.; businesses registered with the Financial Services Commission use the form set by the Governor of the Financial Supervisory Service)
• Original credit business registration certificate
• Corporate register certificate (resident registration abstract for individuals)
• Corporate seal certificate (for individuals, the representative's seal certificate or a confirmation of personal signature)
• Documents proving the change (confirmation of the new advertising phone number, confirmation of the website address, explanation of the business method, etc.)
• Proof of business location and shareholder register (if the location or investors also change)
• Value-added telecommunications business report (statutory form, if a report is required)
• Location-based service business report (statutory form, if personal location information is used)
• Letter of authorization (if filed by an agent)

Fees

Industry range: several hundred thousand won · Quoted after consultation depending on the number of registered particulars that change, the registering authority (city/province or Financial Services Commission), and whether the value-added telecom and location-based service reports and an ad copy review are handled together.

See fees and official charges for this service →

Legal basis and review date

• Act on Registration of Credit Business and Protection of Finance Users, Article 3
• Act on Registration of Credit Business and Protection of Finance Users, Article 5
• Act on Registration of Credit Business and Protection of Finance Users, Article 9
• Act on Registration of Credit Business and Protection of Finance Users, Article 9-2
• Act on Registration of Credit Business and Protection of Finance Users, Article 9-3
• Act on Registration of Credit Business and Protection of Finance Users, Article 21
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 2-4
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 2-6
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 2-10
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 3
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 6
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 6-2
• Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users, Article 6-3
• Regulations on Supervision of Credit Business, etc., Article 7
• Telecommunications Business Act, Article 22
• Enforcement Decree of the Telecommunications Business Act, Article 30
• Act on the Protection, Use, etc. of Location Information, Article 9

Checked against the statutes on 2026-10-13

Statutes and public notices change, so each case needs to be checked individually. Statute titles are given in English for reference. The Korean statutes are the authoritative text.

Check these first

• If you change the advertising phone number or website address and start advertising first, the 15-day deadline runs from that date, so finalize the changes and schedule the change registration before launching the app and running ads.
• Only a registered credit business may advertise credit business, and advertising with a phone number or address different from the registered particulars violates the disclosure rules, so keep the numbers and addresses on app screens, banners and blog ads consistent with the registered particulars.

Frequently asked questions