No. 14125
Promulgation Date 2016-03-29
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Form of Mutual Savings Banks)
Article 4 (Business Area of Mutual Savings Banks)
Article 5 (Capital of Mutual Savings Banks)
Article 6 (Business License)
Article 6-2 (Requirements for Licensing)
Article 6-3 (Public Notice of License, etc.)
Article 7 (Restriction on Establishment of Branches, etc.)
Article 8 Deleted.
Article 9 (Use, etc. of Designation)
Article 10 (Acts Subject to Authorization)
Article 10-2 (Matters Subject to Mandatory Reporting, etc.)
Articles 10-3 through 10-5 Deleted.
Article 10-6 (Examination of Qualifications, etc. of Large Shareholders)
CHAPTER II BUSINESS
Article 11 (Business Activities)
Article 12 (Limits on Extension of Credit to Individual Borrowers)
Article 12-2 (Prerequisites for Acquisition of Stocks Issued by Large Shareholders)
Article 12-3 (Prohibition on Undue Influence of Large Shareholders)
Article 13 (Credit Screening Committees, etc.)
Article 14 (Obligations to Explain)
Article 15 (Assets for Reserves)
Article 16 Deleted.
Article 17 (Restriction on Borrowings)
Article 18 (Management of Surplus Funds)
Article 18-2 (Prohibited Activities)
Article 18-3 (Amendment, etc. of Terms and Conditions)
Article 18-4 (Criteria for Management of Collective Investment Assets, etc.)
Article 18-5 (Advertising of Financial Instruments of Mutual Savings Banks)
Article 18-6 (Autonomous Deliberation on Advertising)
Article 18-7 (Duty of Taking a Measure to Protect Employees Providing Face-to-Face Customer Service)
Article 19 (Disposal of Income)
Article 20 Deleted.
Article 21 (Dissolution)
CHAPTER III SUPERVISION
Article 22 (Supervision)
Article 22-2 (Standards for Soundness in Business Management)
Article 22-3 Deleted.
Article 22-4 (Requests, etc. to Mutual Savings Banks, etc. for Data)
Article 22-5 (Submission of Business Reports, etc.)
Article 22-6 (Inspection of Large Shareholders, etc.)
Article 23 (Inspections)
Article 23-2 (Disclosure of Business Management)
Article 23-3 (Report of Illegal Acts and Protection of Reporters)
Articles 23-4 through 23-9 Deleted.
Article 23-10 Deleted.
Article 23-11 (Liquidation)
Article 24 (Administrative Dispositions)
CHAPTER III-2 NORMALIZATION OF MANAGEMENT OF INSOLVENT MUTUAL SAVINGS BANKS
Article 24-2 (Business Guidance, etc.)
Article 24-3 (Business Administration)
Article 24-4 (Suspension of Payments, etc.)
Article 24-5 (Authority, etc. of Administrator)
Article 24-6 (Notices and Registration of Business Administration)
Article 24-7 (Cessation of Business Administration)
Article 24-8 (Demand for Transfer of Contracts)
Article 24-9 (Agreement and Approval on Transfer of Contracts)
Article 24-10 (Requests, etc. for Financial Aid)
Article 24-11 (Decisions on Transfer of Contracts)
Article 24-12 (Effectiveness and Public Notices of Transfer of Contracts)
Article 24-13 (Application for Bankruptcy)
Article 24-14 (Nomination of Auditor)
Article 24-15 (Coordination in Promotion of Business Normalization)
CHAPTER IV KOREA FEDERATION OF SAVINGS BANKS
Article 25 (Establishment)
Article 25-2 (Business)
Article 25-3 (Articles of Incorporation)
Article 25-4 (Executive Officers)
Article 25-5 (Membership Fees)
Article 25-6 (Accounting Principles)
Articles 25-7 and 25-8 Deleted.
Article 25-9 (Borrowings)
Article 25-10 (Appointment of Agents)
Article 25-11 Deleted.
Article 26 Deleted.
Article 27 Deleted.
Article 28 (Prohibition, etc. on Political Activities)
Article 29 (Administrative Dispositions against the Federation and its Officers and Employees)
Articles 29-2 through 33-2 Deleted.
Article 34 (Mutatis Mutandis Application)
CHAPTER V SUPPLEMENTARY PROVISIONS
Article 34-2 (Vicarious Exercise of Authority)
Article 35 (Entrustment of Authority)
Article 35-2 Deleted.
Article 35-3 (Measures Taken on Retired Officers and Employees)
Article 36 (Relationship with other Acts)
Article 37 (Prohibition against Extension of Credit, etc. to Large Shareholders, etc.)
Article 37-2 Deleted.
Article 37-3 (Joint Liability of Executives, etc.)
Article 37-4 Deleted.
Article 37-5 (Prohibition on Receiving Bribes, etc.)
Article 38 (Hearings)
CHAPTER V-2 SUPPLEMENTARY PROVISIONS
Article 38-2 (Imposition of Penalty Surcharges)
Article 38-3 (Guidelines for Imposition of Penalty Surcharges)
Article 38-4 (Presentation of Statements)
Article 38-5 (Objections)
Article 38-6 (Extension of Deadline for Payment of Penalty Surcharge and Payment in Installments)
Article 38-7 (Collection of Penalty Surcharges and Dispositions against Default)
Article 38-8 (Charge for Compelling Compliance)
CHAPTER VI PENAL PROVISIONS
Article 39 (Penal Provisions)
Article 39-2 (Joint Penal Provisions)
Article 40 (Administrative Fines)
Article 41 Deleted.
ADDENDA
ADDENDA <Act No. 2779, Jul. 25, 1975>
ADDENDA <Act No. 4867, Jan. 5, 1995>
ADDENDA <Act No. 5050, Dec. 29, 1995>
ADDENDA <Act No. 5501, Jan. 13, 1998>
ADDENDA <Act No. 5507, Jan. 13, 1998>
ADDENDA <Act No. 5738, Feb. 1, 1999>
ADDENDA <Act No. 5982, May 24, 1999>
ADDENDA <Act No. 6203, Jan. 28, 2000>
ADDENDA <Act No. 6429, Mar. 28, 2001>
ADDENDA <Act No. 6561, Dec. 31, 2001>
ADDENDA <Act No. 6992, Dec. 11, 2003>
ADDENDA <Act No. 7428, Mar. 31, 2005>
ADDENDUM <Act No. 8143, Dec. 30, 2006>
ADDENDA <Act No. 8522, Jul. 19, 2007>
ADDENDA <Act No. 8635, Aug. 3, 2007>
ADDENDA <Act No. 8852, Feb. 29, 2008>
ADDENDA <Act No. 8863, Feb. 29, 2008>
ADDENDA <Act No. 10175, Mar. 22, 2010>
ADDENDA <Act No. 10303, May 17, 2010>
ADDENDA <Act No. 10682, May 19, 2011>
ADDENDA <Act No. 10866, Jul. 21, 2011>
ADDENDA <Act No. 12100, Aug. 13, 2013>
ADDENDUM <Act No. 13447, Jul. 24, 2015>
ADDENDA <Act No. 13453, Jul. 31, 2015>
ADDENDA <Act No. 13613, Dec. 22, 2015>
ADDENDUM <Act No. 14125, Mar. 29, 2016>