the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be construed or interpreted as having effect in substitution for

of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be construed or interpreted as having effect in substitution for or supplementary

securities business as licensed and shall not be required to pay annual license fee afterwards." This English version is prepared by Legal Department with the sole purpose of facilitating the comprehension of

  --------------------------------------------------------------------   This English version is prepared by Legal Department with the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be

  ---------------------------------------------------------------------   This English version is prepared by Legal Department with the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be

has increased. Source: Enhancement in the Soundness of the ELW Market, KRX (2015) 17 • Issuance • Risk Management • Disclosures • Investor consultations • Investors’ understandings • Compliance SEC

   ------------------------------------------------------------------   This English version is prepared by Legal Department with the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be

Legal Department with the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be construed or interpreted as having effect

English version is prepared by Legal Department with the sole purpose of facilitating the comprehension of foreign participants in the SEC’s rules and regulations and shall not in any event be construed or

. Wh the Compa equity ratio is to financ Looking F The year t the Comp purchasing stimulate Camera re Q4/2017 w grasp this www.jaym For the b collection, Discussion and c Company Lim s Equity period end