Korean Law in English
Laws › Electronic Financial Transactions Act › CHAPTER IV PERMISSION, REGISTRATION AND FUNCTIONS OF ELECTRONIC FINANCIAL BUSINESS

Electronic Financial Transactions Act — Article 30 (Capital)

전자금융거래법 제30조

(1) Any person who intends to obtain permission pursuant to Article 28 (1) shall be a stock company with a capital of at least five billion won.

(2) Either of the following entities is eligible for registration pursuant to Article 28 (2) 1 through 3, and its capital or total investment shall exceed the amount prescribed by Presidential Decree, which is at least two billion won for each category of business: <Amended on May 22, 2013>

1. A company provided for in Article 170 of the Commercial Act;

2. A corporation incorporated under a special Act (limited to the issuance and management of prepaid electronic payment means under Article 28 (2) 3 to perform the duties provided for in the relevant Act).

(3) A person who may register under Article 28(2)4 and 5 and Article 29 shall be a company defined in Article 170 of the Commercial Act or a corporation defined in Article 32 of the Civil Act, and whose capital, total amount of investment, or fundamental property for each type of business is not less than the amount classified in the following subparagraphs: <Amended on Mar. 29, 2016; Dec. 16, 2025>

1. A person who intends to operate with a total amount of quarterly electronic financial transactions (referring to the amount calculated according to the standards determined by the Financial Services Commission; hereinafter the same shall apply) of 3 billion won or less (excluding a person who intends to file for registration under Article 29): An amount prescribed by Presidential Decree of not less than 300 million won;

2. A person who intends to operate with a total amount of quarterly electronic financial transactions of more than 3 billion won but not more than 30 billion won (excluding a person who intends to file for registration as an electronic bond management agency under Article 29): An amount prescribed by Presidential Decree of not less than 500 million won;

3. A person who intends to operate with a total amount of quarterly electronic financial transactions exceeding 30 billion won, and a person who intends to file for registration as an electronic bond management agency under Article 29: An amount prescribed by Presidential Decree of not less than 1 billion won.

(4) Where the total amount of quarterly electronic financial transactions of a person falling under paragraph (3)1 or 2 exceeds the standards under paragraph (3)1 or 2 for 2 or more consecutive quarters after being registered under Article 28, such person shall report the details thereof to the Financial Services Commission and satisfy the requirements for capital, total amount of investment, or fundamental property classified in the subparagraphs of that paragraph within the period determined by the Financial Services Commission. <Added on Mar. 29, 2016; Dec. 16, 2025>

‹ Article 29All articlesArticle 31 ›

Korean original (law.go.kr) · Get articles as JSON via API

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law