National Human Rights Commission of the Republic of Korea with the consent of the individual who owns the information; it cannot meet the principle of minimizing damage as the term, “for the purpose of using it in operating the business” is ambiguous in its application scope or limitation, making personal information possible to be used too comprehensively, including for the purpose of marketing, without the individual who owns the information knowing to which extent his/her information is distributed. In this regard, the Commission on April 28, 2014, recommended the Financial Services Commission to amend Article 48-2 of the Financial Holding Companies Act to restrict the purpose of use to only managing the business such as managing credit risk, not operating the business; and to enhance the guarantee of the right of the individual who owns the information to determine the use of personal information in providing and sharing personal information as well as strengthening punishment for non-compliance. Later the NHRCK understood the fact that the partial amendment bill of the Act, except the provision to require financial holding companies to delete any information requested by the client to be deleted, was submitted and passed by the National Assembly as its recommendations were partially accepted. ■ Recommendation on Improving Resident Registration Number System The Commission reviewed policy improvements for the overall reform of the resident registration number system, given that the majority of people have had their resident registration number exposed due to a number of personal information leakage incidents. After the review, it found that the biggest problem of the existing resident registration number system is that the number given to an individual never changes for a life time and it is utilized in every sector. In this regard, it understood that Chapter 1. Improvement of Laws, Regulations, Institutions, Policies and Practices ▪▪▪ 85