(1) A prepaid business entity may, with approval from the Financial Services Commission, as prescribed by Presidential Decree, engage in the business of paying the price for goods or services (hereinafter referred to as "small-amount post-payment business"), in which, if a user's prepaid recharge funds is insufficient, the prepaid business entity pays a chain store for the shortfall with its own credit (hereinafter referred to as "small-amount post-payment business").
(2) No prepaid business entity shall engage in any of the following activities in conducting affairs concerning the small post-payment business:
1. An act of using prepaid recharge funds as a source of funds for small-amount post-payment business;
2. An act of lending or financing money to users of small-amount post-payment business;
3. Other activities prescribed by Presidential Decree, which are likely to undermine the protection of users or sound trading practices.
(3) Except as otherwise expressly provided for in paragraphs (1) and (2), the scope of small-amount post-payment business, the limit of use, the total limit of use, the total limit of offering, the management of the operational soundness, management of credit information, measures to manage claim collection, measures to protect users, and other necessary matters shall be prescribed by Presidential Decree.[This Article Added on Sep. 14, 2023]