advisory service, ranging from the level of the department director to the manager; “department director” means any person who is responsible for the internal operation of a department in the company

to undertake securities business in the category of securities dealing; “counter trader” means a person who trade securities with securities company; “client” means a counter trader which is not a

conducts a business placed with trust and accountability from the client who is the owner of money. Consequently, the management should have essential role in prescribing investment management policy under

form of general offering or to the public at large unless it is exempted or complies with rules, conditions and procedures as specified in the notification of the Capital Market Supervisory Board

derivatives brokerage ; In case a person who obtained precious metal derivatives brokerage license is unable to comply with the conditions as prescribed in the first paragraph, the Securities and Exchange

precious metal derivatives brokerage license is unable to comply with the conditions as prescribed in the first paragraph, the Securities and Exchange Commission may revoke its license thereof. Chapter 4

Securities and Exchange Commission No. KorThor. 5/2539 Re: Rules, Conditions and Procedures for Undertaking of Securities Business in the Category of Securities Financing dated 13 July 1996; (6) Clause 2 and

internal control environment. · Whether the client is aggressively concerned with maintaining the firm’s fees as low as possible. · Indications of an inappropriate limitation in the scope of work

upon the recommendation of the SEC has the power to specify conditions with which the license holder shall be required to comply in the undertaking of the securities business. In cases where there has

that is appropriate for servicing customers, as prescribed in clause 5 of the Notification of the Securities and Exchange Commission No. KorNor. 2/2550 Re: Rules, Conditions and Procedures for Applying