, approved person shall proceed with establishment of limited company or public limited company to undertake securities business in the category of inter - dealer brokerage. Newly established limited company
receiving the SEC’s recommendation. Clause 4 Upon the Minister’s approval under Clause 3, approved person shall proceed with establishment of limited company or public limited company to undertake securities
from the date receiving the SEC’s recommendation. Clause 4 Upon the Minister’s approval under Clause 3, the approved person shall proceed with establishment of new limited company or public limited
investment advisory service under this Ministerial Regulation shall be any of the followings- (1) commercial bank under law on commercial banking; (2) finance company under law on undertakings of finance
under Clause 3, the approved person shall proceed with establishment of new limited company or public limited company for operating securities business in the category of venture capital management as
Minister’s approval under Clause 6, the approved person shall proceed with establishment of new limited company or public limited company for operating securities business in the category of private fund
limited company under the first paragraph within thirty days from the date of receiving the SEC’s recommendation. Clause 7 Upon the Minister’s approval under Clause 6, the approved person shall proceed with
person shall proceed with establishment of new limited company or public limited company for operating securities business in the category of private fund management as approved, and the newly established
approval. However, if a mutual fund management company files an application for automatic approval not in compliance with the specified conditions, the SEC may proceed with one or more of the following