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ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

Presidential Decree No. 5543, Mar. 4, 1971

Amended by Presidential Decree No. 13634, Apr. 28, 1992 Presidential Decree No. 14438, Dec. 23, 1994

Presidential Decree No. 15761, Apr. 1, 1998

Presidential Decree No. 16143, Mar. 3, 1999

Presidential Decree No. 18312, Mar. 17, 2004

Presidential Decree No. 20171, Jul. 18, 2007

Presidential Decree No. 20653 Feb. 29, 2008

CHAPTER GENERAL PROVISIONS

Article 1 (Purpose)

The purpose of this Decree is to prescribe the matters delegated by the Registration of Bonds and Debentures Act and the matters necessary for the enforcement thereof.

[This Article Wholly Amended by Presidential Decree No. 16143, Mar. 3, 1999] Article 1-2 (Registrar)

(1) The judicial person who is allowed to register with the Financial Services Commission and to handle the business of bond registration pursuant to the provisions of Article 3 of the Registration of Bonds and Debentures Act (hereinafter referred to as the "Act") shall be the one falling under any of the following subparagraphs:

1. Korea Securities Depository pursuant to the provisions of Article 173 of the Securities and Exchange Act; or

2. Financial institutions pursuant to the provisions of Article 3 (1) 1 through 4 of the Enforcement Decree of the Securities and Exchange Act.

(2) Those who intend to register pursuant to the provisions of paragraph (1) shall submit an application for registration stating the matters in the following subparagraphs to the Financial Services Commission: 2

by Presidential Decree No. 20653, Feb. 29, 20088>

1. Trade name;

2. The address of main office;

3. Matters regarding capital;

4. Matters regarding officers; and

5. Matters necessary for the examination of registration other than those listed in subparagraphs 1 through 4, which are laid down by the Financial Services Commission.

(3) The papers in the following subparagraphs shall be affixed to the application for registration pursuant to the provisions of paragraph (2):

1. The articles of incorporation;

2. Balance sheet as of the date of application; and

3. A paper stating the names of shareholders (excluding those who hold less than 1/100 of the number of total outstanding stocks in the case of listed corporations pursuant to the Securities and Exchange Act) and the number of stocks held by each shareholder. (4) Where the Financial Services Commission has received an application for registration pursuant to the provisions of paragraph (2), it shall not reject the registration thereof except for the cases of false statement on important matters or omissions in the application for registration or attached papers. After registration, it shall hand over a certificate of registration stating the matters of the following subparagraphs to the applicant:

1. The number and date of registration;

2. The trade name and address of the company;

3. The name of representative; and

4. The detail of registration. (5) When the Financial Services Commission has rejected registration pursuant to the provisions of paragraph (4), it shall inform the applicant of the purport without delay.

[This Article Newly Inserted by Presidential Decree No. 16143, Mar. 3, 1999] Article 2 (Precedence of Rights concerning Registered Bonds) (1) The precedence of registered rights concerning registered bonds shall be according to the order of registration.

(2) The order of registration shall be according to the number of precedence ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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when registered in the same column of the registration form, and shall be according to the receipt number when registered in the separate column. Article 3 (Precedence of Additional Registration) The precedence of additional registration shall be according to the precedence of main registration. However, precedence between additional registrations shall be according to the order thereof.

CHAPTER REGISTRATION PROCEDURE

SECTION I GENERAL

PROVISIONS

Article 4 (Persons Qualified for Registration)

(1) Registration shall be not be made unless an interested party requests or a public office entrusts.

(2) The provisions of registration due to the request of an interested party shall apply mutatis mutandis to the registration on entrustment unless otherwise prescribed.

Article 5 (Applicant for Registration)

(1) Registration shall be applied by bondholders, pledgees and other parties interested in the bonds pursuant to the provisions of Article 4 (2) of the Act.

(2) When there is a counterpart in the transfer, establishment of right of pledge, etc. in the case of paragraph (1), persons privileged to register and registration obligators or agents thereof shall jointly apply. In this case, when a letter of consent by the registration obligator is attached to the application, the persons privileged to register may apply alone. Article 6 (Applicant for Registration due to General Succession) Registration due to succession by judgment or other general succession may be applied by the persons privileged to register alone. Article 7 (Applicant for Change in Indication of Title Holder of Registration) The registration of change in the indication of the holder of registration title may be applied by the holder of registration title alone. Article 8 (Registration of Confiscation)

(1) When the confiscation of registered bonds is intended, the executive agency concerned shall, without delay, entrust the registration of ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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confiscation to the registrar by submitting a letter of entrustment together with an original copy or certified copy of confiscation order. (2) The provision of paragraph (1) shall apply mutatis mutandis, if any, to the provisional confiscation or provisional disposition of registered bonds. Article 9 (Subrogation of Registration)

(1) Where it is recognized as necessary in the case of Article 8, the executive agency concerned shall entrust the change in the indication of the holder of registration title or the registration of transfer of rights due to inheritance or other general succession to the registrar in place of a holder of registration title, an heir thereof or other general successors.

(2) The provisions of Articles 12 and 16 (2) shall apply mutatis mutandis to the registration in paragraph (1).

Article 10 (Application for Registration)

(1) Following matters shall be stated in the application for registration, and signature and seal shall be affixed thereto:

1. The name of bond issuer, kind of bond, and the number of times and serial number (hereinafter referred to as the "name of bond") in case the total amount of bond is issued by dividing for several times;

2. The name and address of applicant;

3. The name and address of the person who applies for registration as proxy;

4. The cause and date of registration;

5. The purpose of registration;

6. The name of registrar;

7. The date of application;

8. When the matters regarding the termination of rights are prescribed, the fact thereof; and

9. When the share is fixed in case the persons privileged to register are numerous, the share thereof.

(2) The papers in the following subparagraphs shall be affixed to the application in paragraph (1):

1. A registration certificate of the rights of registration obligator (limited ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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to the already registered bonds);

2. When permission, approval or consent by a third party regarding the cause of registration is required, the verifying papers thereof: Provided, That by entering the signature and seal of the third party in the application, submission may be omitted; and

3. Where the application for registration is made by a proxy, the papers verifying the authority.

(3) A certified copy of family register or other papers corresponding thereto shall be affixed to the application (including applications in electronic document) in the case of following subparagraphs: Provided, That the information on the papers to submit can be confirmed through the joint use of administrative information pursuant to the provisions of Article 21 (1) of the Electronic Government Act, such confirmation may substitute for the papers to submit:

1. When the cause of registration is inheritance or other general succession;

2. When the applicant is a successor of a person privileged to register or of a registration obligator, or a general successor; and

3. When registration for the change of indication of the holder of registration title is applied.

(4) Registration regarding several kinds of bonds with the same name to be dealt by the same registrar may be applied in the same application form only if the purpose of registration is the same. Article 11 (Registration due to Adjudication)

When an application for registration based on adjudication is made, the original copy or a certified copy of adjudication shall be affixed thereto. In this case, the affixation of papers listed in Article 10 (2) 1 and 2 shall not be needed. Article 12 (Registration in Subrogation by Creditor) Where a creditor applies for registration in subrogation of debtor pursuant to the provisions of Article 404 of the Civil Act, the name and address of creditor and debtor, and the cause of subrogation shall be stated in the application and the papers verifying the cause of subrogation shall be affixed thereto.

Article 13 (Rejection of Registration)

(1) Where it falls under any of the following subparagraphs, the registrar ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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shall reject registration:

1. Where the matters that have been applied are not the matters to be dealt by the registrar concerned;

2. Where the matters that have been applied are not the matters to register;

3. Where the registered bond or the indication of right which is the purpose of registration that have been stated in the application does not conform to the bond register;

4. Where the indication of registration obligator stated in the application does not conform to the bond register: Provided, That a certified copy of family register is affixed pursuant to the provisions of Article 10 (3) 2, this shall not apply;

5. Where the matters stated in the application do not conform to the papers submitted pursuant to the provisions of Article 10 (3) or 11; and

6. Where necessary papers have not been submitted or affixed. (2) Where the applicant has failed to pay the fee pursuant to the provisions of Article 13 of the Act, the registrar shall reject registration. Article 14 (Registration for Change in Right)

When there is a third party having interest in the registration where the registration for change in the right is applied, a written consent by the third party or the original copy or a certified copy of adjudication with which to stand against the third person shall be affixed. Article 15 (Delivery of Certificate of Registration) (1) When the registrar has completed registration, it shall deliver a certificate of registration as prescribed by the Ordinance of the Prime Minister: Provided, That the registration has been made pursuant to the provisions of Article 6 (2) of the Act, a certificate of registration shall be delivered after the notification pursuant to the provisions of Article 50 has been received. (2) Those who have destroyed, damaged or lost the certificate of registration may request the registrar for re-delivery as prescribed by the Ordinance of the Prime Minister. Article 16 (Registration in Error and Omission)

(1) Where errors and omissions are found in the registration after the ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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completion of registration, the registrar shall, without delay, notify the person privileged to register and registration obligator of the purport. (2) As for the case of registration in subrogation by creditor, the creditor shall also be notified pursuant to paragraph (1).

(3) The notification in paragraphs (1) and (2) may be made to only one person where the persons privileged to register, registration obligators or creditors are numerous. Article 17 (Registration in Error and Omission due to Mistake by Registrar) (1) When errors or omissions in registration in the case of Article 16 are due to a mistake by the registrar, the registrar shall, without delay, correct the registration and notify the person privileged to register and registration obligator of the purport unless there is a third party having interest in the registration. (2) The provisions of Article 16 (2) and (3) shall apply mutatis mutandis to the case of paragraph (1).

Article 18 (Correction of Registration)

The provisions of Article 14 shall apply mutatis mutandis to the case where the registration is corrected.

Article 19 (Request for Recovery of Registration) When there is a third party having interest in the registration where a request for the recovery of canceled registration is made, a written consent by the third party or the original copy or a certified copy of adjudication with which to stand against the third person shall be affixed. SECTION PROCEDURES FOR REGISTRATION OF

BONDS

Article 20 (Application for Registration of Unregistered Bonds) (1) When requesting for the registration of unregistered bonds, the bondholders shall state the following matters in the application and affix bond certificates (where there is a coupon for which the date of payment has not arrived, the coupon shall be included) thereto:

1. The face value of each bond to register;

2. The serial number and number of shares of a bond certificate; ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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3. The number and period of payment when there is a coupon lost from among the coupons for which the date of payment has not arrived; and

4. The place where the redemption of bond and the payment of interest shall be made.

(2) Where the registration of bond for which bond certificates have not been issued is made, the paid-in amount of each bond and the serial number of bond to be issued shall be stated in the application in addition to the matters of paragraph (1) 1 through 4, and the papers verifying the fact shall be affixed. (3) It shall not be necessary to state the cause of registration and the date thereof in the application or to submit the papers in Article 10 (2) 1 and 2 in the cases of paragraphs (1) and (2).

Article 21 (Registration of Subscriber or Underwriter) (1) Those who intend to subscribe or underwrite bonds may apply for registration in advance. In this case, they shall state the name of the person to issue bonds (where there is a company entrusted with raising, the company) in the application in addition to the matters listed in Article 20 (1) 1 through 4 and shall submit it to the person to float bonds concerned. (2) The person to issue bonds (where there is a company entrusted with raising, the company) shall state in the application pursuant to paragraph (1) the face value, amount due and number of shares of each bond, and the serial number of bond certificates when bond certificates are issued, and shall deliver it to the registrar.

(3) The provisions of Article 20 (3) shall apply mutatis mutandis to the case of paragraph (1). Article 22 (Transfer Registration of Registered Bonds) Where the transfer registration of registered bonds is applied, the face value, number of shares of each bond,, serial number of bond certificates and the place where the person who has been transferred the bond concerned shall receive the redemption of bond and the payment of interest, and shall state the portion in the case partial transfer. ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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SECTION PROCEDURE FOR REGISTRATION OF

SECURITY RIGHT

Article 23 (Registration of Establishment of Pledge Right) (1) Where the registration of establishment of a pledge right (including the case of sub-pledge) is applied, following matters shall be stated in the application:

1. The face value, number of shares of the bond being the object of pledge right and the serial number of bond certificates;

2. Claim amount;

3. Where matters regarding the period of redemption, interest, penalty or indemnity as for the cause of registration has been laid down, there is a prescription pursuant the provisions of proviso of Article 334 of the Civil Act, or a condition is attached to the claim, the matters; and

4. The name and address of the obligator when the person who has established a pledge right is not an obligator.

(2) Where the registration of establishment of a pledge right is applied as a security for claim which does not have a specific amount for its purpose, the amount of claim shall be stated in the application. Article 24 (Transfer Registration of Pledge Right) (1) Where the transfer registration of a pledge right is applied, it shall be stated whether the secured bond certificate is transferred altogether. (2) Where the transfer registration of a pledge right is applied due to the partial transfer of claim or subrogated performance of claim, the amount of claim being the object of transfer or subrogated performance shall be stated in the application.

Article 25 (Transfer Registration of Pledge Right) The registration of transfer of a pledge right and sub-pledge shall be made by means of supplementary note.

Article 26 (Pledging of Registered Bond)

(1) When registration is applied pursuant to the provisions of Article 8 of the Act, following matters shall be stated in the application:

1. The face value and number of shares of each bond being the object of security and the serial number of bond certificates;

2. The provisions of Acts and subordinate statutes for deposit; and ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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3. The indication of the holder of a security right. (2) The application for registration pursuant to paragraph (1) shall be made only by the persons who intend to deposit.

(3) The provisions of Articles 24 and 25 may apply mutatis mutandis to the transfer registration of security right in paragraph (1).

SECTION PROCEDURES FOR TRUST

REGISTRATION

Article 27 (Trust Registration)

Where the trust registration of bonds is made, the trustee shall be the holder of registration right and the truster shall be the registration obligator. Article 28 (Trust Registration Realizable by Trustee Alone) The trust registration of bonds listed as in the following may be applied by trustees alone:

1. The trust registration of bearer bonds belonging to the trust property, which has a mark of trust property pursuant to the provisions of Article 3 (2) of the Trust Act in the bond certificate concerned;

2. The trust registration of the bonds belonging to a trust property pursuant to the provisions of Article 19 of the Trust Act; and

3. The trust registration of bonds to restore pursuant to the provisions of Article 38 of the Trust Act.

Article 29 (Subrogated Registration by Beneficiary or Truster) (1) The beneficiary or truster may apply for trust registration in subrogation of trustee.

(2) The provisions of Article 12 shall apply mutatis mutandis to the application for subrogated registration pursuant to the provisions of paragraph (1): Provided, That in this case, papers evidencing that registered bonds are a trust property shall be affixed.

Article 30 (Method of Trust Registration)

(1) The trust registration of bonds shall be applied in the same paper as the application for transfer registration of bonds due to trust except for the cases prescribed in paragraph (2): Provided, That to the case where ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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beneficiary or truster applies for trust registration of bonds in subrogation of trustee pursuant to the provisions of Article 29 (1), this shall not apply. (2) The trust registration of bonds listed in the subparagraph 1 of Article 28 shall be applied in the same paper as the application for registration of the bonds concerned pursuant to the provisions of Article 20 (1). (3) The provisions of paragraphs (1) and (2) shall apply mutatis mutandis to the application for trust registration of bonds belonging to a trust property pursuant to the provisions of Article 19 of the Trust Act.

Article 31 (Transfer Registration of Bonds in case of Change in Trustee) (1) When the transfer registration of registered bonds is applied in the case of change in trustee, papers verifying the change shall be affixed to the application.

(2) The provisions of paragraph (1) shall apply mutatis mutandis to the registration for modification being made in the case of Article 26 (2) of the Trust Act. Article 32 (Transfer Registration of Bonds in case of Decease, etc. of Trustee)

When the duty of trustee has come to an end due to decease, bankruptcy, incompetence, quasi-incompetence or an order of dismissal by juristic person or competent administrative agency, the registration pursuant to Article 31 may be applied by the new trustee or other trustee alone. This also holds true when the duty of the juristic person who is a trustee has come to an end due to dissolution.

Article 33 (Application for Trust Registration)

(1) Where the trust registration of bonds is applied, a paper stating the following matters shall be affixed to the application:

1. The name and address of truster, trustee, beneficiary and trust administrator;

2. The purpose of trust;

3. The method of managing trust property;

4. The cause of close of trust; and

5. Other clauses of trust. (2) The applicant shall put his name and seal to the paper in paragraph ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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(1). Article 34 (Original Trust Register)

(1) The papers affixed to the application pursuant to the provisions of Article 33 shall serve as the original trust register.

(2) The original trust register shall be deemed as part of the bond register, and the entry therein shall be deemed as registration. Article 35 (Appointment and Dismissal of Trust Administrator or Trustee) (1) When the court has appointed or dismissed the trust administrator, it shall, without delay, entrust the entry thereof in the original trust register to the registrar. This also holds true when the competent administrative agency has appointed a trust administrator.

(2) The provisions of paragraph (1) shall apply mutatis mutandis to the case where the court or competent administrative agency has dismissed the trustee. Article 36 (Change in Method of Managing Trust Property) The provisions of Article 35 (1) shall apply mutatis mutandis to the case where the court has changed the method of managing trust property or where the competent administrative agency has changed the clauses of trust. Article 37 (ex officio Entry in Original Trust Register) When the registration pursuant to the provisions of Article 31 or 32 has been made, the registrar shall enter the fact in the original trust register ex officio.

Article 38 (Change in Matters of Trust Registration) (1) When there is a change in the matters listed in the subparagraphs of Article 33 (1) except for the cases of Articles 31, 32 and 36, the trustee shall, without delay, apply for the entry in the original trust register by affixing papers verifying the change.

(2) The beneficiary or truster may make an application pursuant to paragraph (1) in subrogation of the trustee.

(3) The provisions of Article 12 shall apply mutatis mutandis to the application pursuant to the provisions of paragraph (2).

Article 39 (ex officio Entry by Supplementary Note in Bond Register ) ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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When the registrar enters in the original trust register pursuant to the provisions of Article 35 (2), it shall state the purport in the bond register. SECTION PROCEDURES FOR REGISTRATION

CONCERNING CANCELLATION

Article 40 (Cancelation of Registration)

(1) When bondholders apply for the cancellation of bond registration pursuant to the provisions of Article 20 (1) and (2) or Article 21 (1), they shall state the amount and number of shares of each bond and the serial number of bond certificates in the application and shall submit a certificate of registration on the right of bondholders. (2) The provisions of Article 20 (3) shall apply mutatis mutandis to the case of paragraph (1). Article 41 (Cancellation of Registration in case Registration Obligator's Whereabouts is Unknown)

(1) When the person privileged to register is unable to apply for the cancellation of registration because the registration obligator's whereabouts is unknown, he/she may apply for public summons in accordance with the provisions of the Civil Procedure Act.

(2) When there is a judgment of nullification in the case of paragraph (1), the person privileged to register alone may apply for the cancellation of registration by affixing the original copy or a certified copy thereof to the application. (3) When a document evidencing claim or a deed of performance of the registered liability is affixed to the application in the case of paragraph (1), the person privileged to register alone may apply for the cancellation of registration regarding pledge right.

Article 42 (Cancellation of Registration in cases other than Trust Property) (1) Where registered bonds belonging to trust property becomes not to belong to trust property due to transfer, the cancellation of trust registration shall be applied in the same paper as the application for transfer registration. (2) The provisions of paragraph (1) shall apply mutatis mutandis to the case of transfer due to the close of trust of registered bonds belonging to trust property. Article 43 (Cancellation of Seizure, etc. Registration) ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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(1) When procedures for compulsory execution on registered bond have been completed, the administrative agency concerned shall, without delay, entrust the registrar to cancel the seizure registration by affixing the papers verifying it to the written entrustment.

(2) The provisions of paragraph (1) shall apply mutatis mutandis to the case where provisional seizure or provisional disposition on registered bond has been completed. Article 44 (Cancellation of Registration for Security) The registration of security right pursuant to the provisions of Article 8 of the Act may be applied by a person who has supplied the security or the successor thereof alone by submitting an application together with the papers verifying that the cause of security has been suspended. Article 45 (Cancellation of Registration where there is Party Interested in Registration)

When there is a third party having an interest in registration in case where the cancellation of registration has been applied, a written consent of the third party, or the original copy or a certified copy of judgment with which it is possible to stand against the third party shall be affixed to the application.

CHAPTER MISCELLANEOUS PROVISIONS

Article 46 (Provisions Applicable mutatis mutandis) In applying the provisions of Articles 491 (4) and 492 (2) of the Commercial Act and Articles 45 (2) and 84 (2) of the Secured Debentures Trust Act to the bondholders of registered bearer bonds, the deposition of a certificate of registration shall be deemed as the deposition of bond certificates. Article 47 (Application for Issuance of Bond Certificates) (1) When bondholders apply for the issuance of bond certificates pursuant to the provisions of Article 5 (3) of the Act, they shall submit an application for the issuance of bond certificates together with an application for the cancellation of registration of bond.

(2) Following matters shall be stated in the application for the issuance of bond certificates, and applicants shall put their name and signature therein:

1. The name of bond; ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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2. The amount and number of shares of each bond to apply for issuance and the serial number of bond certificates;

3. The name and address of applicant;

4. The name and address of proxy when applying by a proxy;

5. The name of person to issue credit; and

6. The date of application. (3) When it is recognized that the registration of bonds has to be cancelled in the case of an application in paragraph (1), the registrar shall, without delay, state the purport in the application for the issuance of bond certificates by supplementary note and shall deliver it to the person who is to issue bond certificates.

(4) When the person who is to issue bond certificates has received the application in paragraph (3), he/she shall, without delay, deliver the bond certificates that have been applied for issuance to the registrar.

Article 48 (Notification in case of Redemption of Registered Bond) (1) Where a person who has issued bonds has redeemed registered bonds, he/she shall, without delay, notify it to the registrar by submitting papers verifying the fact except for the cases of redemption to a company entrusted with the flotation of bonds or a trust company pursuant to the Secured Debentures Trust Act. The same shall apply to the case where a trust company pursuant to the Secured Debentures Trust Act or a person who underwrote the total bond pursuant to the provisions of Article 23 (1) of the same Act has redeemed the registered bond. (2) The provisions of paragraph (1) shall apply mutatis mutandis to the case where the amount of redemption has been paid to the bondholders concerned by a company entrusted with the flotation of bonds, which received redemption of bonds for registered bondholders, or by a trust company pursuant to the Secured Debentures Trust Act.

(3) When the registrar receives notification pursuant to the provisions of paragraphs (1) and (2), it shall, without delay, enter the cause in the bond register ex officio and shall cancel the registration of the bond concerned. Article 49 (Request for Sample of Bond Certificate by Registrar) Where deemed necessary, the registrar may request the person who has ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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issued a bond which the registrar concerned shall handle for the delivery of the sample of the bond that he has issued.

Article 50 (Notification of Entry in Original Bond Register) When a bond issuer has completed entry in the original bond register pursuant to the provisions of Article 10 (2) of the Act, he/she shall, without delay, notify the registrar of the purport.

Article 51 (Inspection)

When the president of the Financial Supervisory Service executes inspection pursuant to the provisions of Article 14 (2) of the Act, he/she shall show a certificate indicating the authority.

Article 52 (Imposition and Collection of Fine for Negligence) (1) When a fine for negligence pursuant to the provisions of Article 17 (3) of the Act is imposed, the person being the object of disposition of a fine for negligence shall be notified to pay it by being told clearly of the fact of violation, amount of fine for negligence, etc. after the act of violation concerned is investigated and confirmed. (2) When the Financial Services Commission intends to impose a fine for negligence pursuant to the provisions of paragraph (1), it shall give the person being the object of a fine for negligence to express his/her opinion orally or in writing by specifying a period of 10 days or more. (3) In determining the amount of a fine for negligence, the Financial Services Commission shall consider the motive, result, etc. of the violation concerned. (4) The procedures for the collection of a fine for negligence shall be prescribed by the Ordinance of the Prime Minister.

[This Article Newly Inserted by Presidential Decree No. 15761, Apr. 1, 1998] ADDENDUM

This Decree shall enter into force on the date of its promulgation. ADDENDA Article 1 (Enforcement Date)

This Decree shall enter into force on the date of its promulgation. ENFORCEMENT DECREE OF THE REGISTRATION OF BONDS AND DEBENTURES ACT

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Article 2 Omitted.

ADDENDA Article 1 (Enforcement Date)

This Decree shall enter into force on the date of its promulgation. Articles 2 through 5 Omitted.

ADDENDA Article 1 (Enforcement Date)

This Decree shall enter into force on the date of its promulgation. Articles 2 through 4 Omitted.

ADDENDUM This Decree shall enter into force on the date of its promulgation. ADDENDUM This Decree shall enter into force on the date of its promulgation. ADDENDA Article 1 (Enforcement Date)

This Decree shall enter into force on the date of its promulgation. Articles 2 through 3 Omitted.

ADDENDA Article 1 (Enforcement Date)

This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)

Article 2 Omitted.