(1) Reasons for Proposal

The Amendment improves selection criteria for main debtor groups by reflecting diversification in funding for main debtor groups, such as increased marketable debt. It specifies the scope of business information managed by primary creditor banks to enable creditor banks to manage risks preemptively and autonomously.

(2) Major Provisions

A. Change selection criteria for main debtor groups (Article 79, paragraphs 1 through 3)

Change the selection criteria to state that groups whose total debt is at least 0.1% of nominal GDP and whose bank credit extension is at least 0.075% of total corporate credit extensions from banks. Delegate the Governor of the Financial Supervisory Service to determine the range of total debt.

B. Specify business information managed by primary creditor banks (Article 82, paragraph 1)

Clearly specify the scope of business information managed by primary creditor banks to enable primary creditor banks to manage the credit risk of main debtor groups by collecting and managing the necessary information from the relevant main debtor groups.