by the Government of the Republic of Korea

“ The purpose of this Act is to seek financial conveniences for the people and to contribute to the growth of the national economy by supporting sound and initiative development of credit card business, facilities leasing business, installment financing business, and venture capital business. ”

“ A person who holds 10/100 or more of total number of outstanding voting stocks of a specialized credit financial business company on his account, no matter whose name the account stands in, or a shareholder who exercises de facto influence over important matters concerning management of the specialized credit financial business company through appointment and dismissal of officers, etc., as further specified by Presidential Decree ”

“ A person who sells goods or provides services, etc. to credit card holders, debit card holders, or pre-paid card holders (hereinafter referred to as the “credit card holders, etc.”) through the transactions by means of a credit card, debit card, or pre-paid card (hereinafter referred to as the “credit card, etc.”) in compliance with the contract with the credit card company; and (b) A person acting for the transactions by means of a credit card, etc. (hereinafter referred to as the “agency for settlements”) for the persons who sell goods or provide services, etc. to credit card holders, etc. ”