South Korea Credit Information Act
Licensing and corporate matters – South Korea Credit Information Act

South Korea Credit Information Act 11: Concurrent and ancillary business

What does 11 require?

Concurrent businesses are limited to those the Act lists for each licence type and are notified to the FSC in advance (with any other licence obtained first); ancillary businesses are notified at least 7 days before starting, and FSC restriction or correction orders are obeyed (Articles 11 and 11-2).

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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