operated by the company or the subsidiary; (5) merger with other persons which is likely to affect the management structure of the company; (6) lending of money, providing credit facility, guarantee
. "securities business" means any of the following securities businesses: (1) securities brokerage; (2) securities dealing; (3) investment advisory service; (4) securities underwriting; (5) mutual fund management
service; (4) securities underwriting; (5) mutual fund management; (6) private fund management; (7) other businesses relating to securities as specified by the Minister upon recommendation of the SEC