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@article{ART001373186},
author={Lee, Seong Woo},
title={The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea},
journal={DONG-A LAW REVIEW},
issn={1225-3405},
year={2009},
number={44},
pages={187-220}

TY - JOUR
AU - Lee, Seong Woo
TI - The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea
JO - DONG-A LAW REVIEW
PY - 2009
VL - null
IS - 44
PB - The Institute for Legal Studies Dong-A University
SP - 187
EP - 220
SN - 1225-3405
AB - Since 1999, the supervisory(regulatory) power of the financial institutions exclusively belongs to the Financial Services Commission and the Financial Supervisory Service inspected by the Financial Services Commission. But the Bank of Korea (hereinafter called “BOK”) and the Korea Deposit Insurance Corporation (hereinafter called “KDIC”) also have ① the power of request (the Financial Supervisory Service) to inspect the financial institutions and ② the power of request (the Financial Supervisory Service) to inspect the financial institutions jointly, and ③ the power of request (the Financial Institutions) to summit some data. There is no data or information of the financial institutions the Fianacial Supervisory Service cannot access to. There needs legislative measure which ① makes the BOK and the KDIC forebear the exercise of the power of request (the Financial Supervisory Service or/and Financial Institutions) to summit data or (joint) inspect or, ② deters the BOK and the KDIC abuse the power. the Prompt Corrective Action is not the power of the Financial Supervisory(Regulatory) Organization but the obligation. So the forebearance of the Prompt Corrective Action provided in “the Act on the Structural Improvement of the Financial Industry” Article10(3) should be abolished.
KW - Financial Supervisory(Regulatory) System;the Financial Services Commission;the Financial Supervisory Service;the Bank of Korea;the Korea Deposit Insurance Corporation;Request for summit of Data;Request of (joint) Inspection;Prompt Corrective Action
DO -
UR -
ER -

Lee, Seong Woo. (2009). The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea. DONG-A LAW REVIEW, 44, 187-220.

Lee, Seong Woo. 2009, "The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea", DONG-A LAW REVIEW, no.44, pp.187-220.

Lee, Seong Woo "The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea" DONG-A LAW REVIEW 44 pp.187-220 (2009) : 187.

Lee, Seong Woo. The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea. 2009; 44 : 187-220.

Lee, Seong Woo. "The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea" DONG-A LAW REVIEW no.44(2009) : 187-220.

Lee, Seong Woo. The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea. DONG-A LAW REVIEW, 44, 187-220.

Lee, Seong Woo. The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea. DONG-A LAW REVIEW. 2009; 44 187-220.

Lee, Seong Woo. The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea. 2009; 44 : 187-220.

Lee, Seong Woo. "The Research of the Improvement of Financial Supervisory(Regulatory) System in Korea" DONG-A LAW REVIEW no.44(2009) : 187-220.