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Electronic Financial Transactions Act — Article 32 (Disqualification for permission and registration)

전자금융거래법 제32조

Any of the following persons shall not be eligible to obtain permission or be registered under Articles 28, 29, and 33-3 (limited to subparagraph 6): <Amended on Feb. 29, 2008, Dec. 16, 2025>

1. A corporation for which one year has not yet passed since its registration was cancelled pursuant to Article 34, and a person who was a large stockholder (referring to any such investor prescribed by Presidential Decree; hereinafter the same shall apply) of the corporation at the time of cancellation of such registration and for whom one year has not yet passed since the registration was cancelled;

2. A corporation for which three years have not yet passed since its permission or registration was revoked pursuant to Article 43 (1), and a person who was a large stockholder of the corporation at the time of such revocation and for whom three years have not yet passed since such revocation;

3. A company which is in process of the rehabilitation procedure pursuant to the Debtor Rehabilitation and Bankruptcy Act and the large stockholders of such company;

4. Any person who has failed to pay a debt within an agreed period in financial transactions and other commercial transactions and who is determined by the Financial Services Commission;

5. Any person who has been punished by a fine or heavier punishment for violating the finance-related Acts or subordinate statutes prescribed by Presidential Decree within the three years preceding the date of application for permission or registration;

6. A corporation of which a major shareholder is a person falling under any of subparagraphs 1 through 5. In such cases, where permission for change is obtained or registration of change is made under Article 33-3, "application date for permission or registration" in subparagraph 5 shall be deemed "application date for permission for change or registration of change under Article 33-3."

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