(1) Reasons for Proposal

The Amendment newly inserts relevant provisions in accordance with amendments to Article 79, paragraph 1 and Article 82 of the Regulations on Banking Business Supervision, and modifies terms and reference provisions in accordance with amendments to relevant laws, etc.

(2) Major Provisions

□ Specify a range for total debt as delegated* to the Governor of the Financial Supervisory Service under Article 79, paragraph 1 of the amended Regulations on Banking Business Supervision (Article 50-2)

*Introduces total debt as a selection criterion for main debtor groups, and delegates the Governor of the Financial Supervisory Service to determine a specific range of total debt to ensure a reliable, flexible response following changes to accounting standards, etc.

□  Clearly specify that primary creditor banks may collect business information necessary for credit risk management from main debtor groups as per Article 82, paragraph 1 of the amended Regulations on Banking Business Supervision (Article 52, paragraph 2, subparagraph 2)

□ Encourage groups to make substantial improvements to their financial structure by prescribing that a financial structure improvement agreement reflecting the business plans, management strategies, and other opinions of main debtor groups may be concluded (Article 52, paragraph 5, subparagraphs 1 and 2)

□Modify terms and reference provisions in accordance with amendments to the Enforcement Decree of the Monopoly Regulation and Fair Trade Act (Article 50, paragraph 2; Article 52, paragraphs 3 through 5; Article 55, paragraph 2)