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SPECIAL ACT ON THE PREVENTION OF TELECOMMUNICATIONS-BASED FINANCIAL FRAUD AND REFUND OF FRAUDULENTLY OBTAINED ASSETS
조문단위인쇄
 Article 2 (Definitions)
The terms used in this Act are defined as follows: <Amended on Jan. 28, 2014; May 29, 2016; May 16, 2023>
1. The term "financial company" means any of the following institutes:
(a) Banks under the Banking Act;
(b) The Korea Development Bank under the Korea Development Bank Act;
(c) The Industrial Bank of Korea under the Industrial Bank of Korea Act;
(d) The Korea Export-Import Bank established under the Korea Export-Import Bank Act;
(e) An investment trader, investment broker, syndicate business entity, trust business entity, financial securities company, merchant bank, and transfer agency under the Financial Investment Services and Capital Markets Act;
(f) A mutual savings bank and the Korea Federation of Savings Banks under the Mutual Savings Banks Act;
(g) An agricultural cooperative and the National Agricultural Cooperatives Federation and Nonghyup Bank under the Agricultural Cooperatives Act;
(h) A fisheries cooperative, the National Federation of Fisheries Cooperatives, and Suhyunp Bank under the Fisheries Cooperatives Act;
(i) Credit union and the National Credit Union Federation of Korea under the Credit Unions Act;
(j) A community credit cooperative and the Korean Federation of Community Credit Cooperatives under the Community Credit Cooperatives Act;
(k) An insurance company under the Insurance Business Act;
(l) A postal service office under the Postal Savings and Insurance Act;
(m) Other institutions providing financial services prescribed by Presidential Decree;
2. The term "telecommunications-based financial fraud" means any of the following acts intended to obtain, or have a third party obtain, monetary or economic gain by fraud or extortion from other persons, using telecommunications defined in subparagraph 1 of Article 2 of the Framework Act on Telecommunications: Provided, That feigning the provision, arrangement, and brokerage of loans shall be included whereas feigning the supply of goods or services, etc. shall be excluded:
(a) Inducing a person to remit or transfer money;
(b) Remitting or transferring money after extracting personal information;
(c) Delivering or causing money to be delivered;
(d) Withdrawing money or having money withdrawn;
2-2. The term "electronic financial transaction" means a transaction in which a financial company provides a user with a financial product or service via electronic devices and such user, without meeting or communicating directly with employees of financial companies, uses such product or service via automated means;
3. The term "victim" means a person that has suffered economic loss due to telecommunications-based financial fraud;
4. The term "account exploited for fraud" means the account to which money of a victim has been remitted or transferred, the account into which money delivered by a victim or withdrawn from his or her account is deposited, and the account used for transferring money from the relevant account, due to telecommunications-based financial fraud.;
5. The term "amount of loss" means money remitted or transferred from the account of a victim to the account exploited for fraud, or delivered by a victim or withdrawn from his or her account due to telecommunications-based financial fraud;
6. The term "compensation for loss" means money paid by a financial company to a victim, which is calculated pursuant to Article 10 based on a claim extinguished pursuant to Article 9, in order to compensate the amount of loss;
7. The term "user" means a person that engages in electronic financial transactions under a contract concluded with a financial company.