Some Financial Services, Including Loans and Card Loans, Suspended Early on October 5 Due to "System Overhaul"

The Korea Credit Information Services announced today (October 2) that certain financial services, such as new applications for loans and card loans as well as opening deposit accounts via internet and mobile, will be temporarily suspended from midnight to 8:00 AM on October 5.

New applications, renewals, and extensions for credit products—including loans, leases, installment financing, credit cards, and card loans—will be temporarily halted.

Also subject to suspension are opening deposit products via internet or mobile, new applications, renewals, and extensions for financial and performance guarantee products, as well as viewing and printing personal credit information.

Account transfers, withdrawals from automated teller machines (ATMs), cash advances, and credit and check card payments will remain available as usual.

The Korea Credit Information Services explained that the temporary suspension is due to an overhaul of the general credit information system.

The general credit information system centralizes and shares customer credit data—such as loan and delinquency records—which financial institutions rely on to determine whether to approve financial transactions. The Korea Credit Information Services stated that it will replace aging equipment to enhance system stability and security.
 
(Photo provided by Korea Credit Information Services, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.