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Electronic Financial Transactions Act — Article 42-2 (Protection of users)

전자금융거래법 제42조의2

(1) Where the Financial Services Commission deems that there is a risk of significantly harming the interests of users, etc., such as where a prepaid business entity fails to meet the standards for separate management of prepaid recharge funds under Article 25-2 or an electronic payment settlement agent fails to meet the standards for external management of funds subject to settlement under Article 25-4, it may order the relevant prepaid business entity or electronic payment settlement agent to take corrective action or demand measures necessary for the protection of users, etc.

(2) Electronic financial business entities shall publicly disclose matters prescribed by Presidential Decree as necessary for the protection of users, etc., as determined by the Financial Services Commission.[This Article Added on Dec. 16, 2025][Enforcement Date: Dec. 16, 2025]

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