Online Investment-Linked Finance Business Registration

Cha & Kwon provided legal consulting for corporates applying for Online Investment-Linked Finance Business registration. On March 16th, 2022, one of our clients completed their registration.

(Reference: Financial Services Commission, Mar. 16th, 2022, Press Release, “Online Investment-Linked Finance Business Registration and User Precautions”)

During the registration process, the major issues are vindications of sound business plans, a vindication that appropriate business growth is expectable, a vindication of large shareholders and board member requisites, a vindication of the large shareholder’s capital source, a vindication of how materials such as computer systems were prepared, and that all regulations and contracts are legally qualified.

Because the registration process is complicated and requires detailed preparation, Cha & Kwon provides professional consulting on Online Investment-Linked Finance Business issues such as the licensing, reporting, approval of financial businesses; preparation, examination, and counterstrategies on financial institutions’ issues related to the Act on the Protection of Financial Consumers.