@article{ART001209971},
author={Dong Won Ko},
title={Legal Review on Regulations on a Bank's Subsidiary in Korea},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2007},
volume={16},
number={2},
pages={195-229}
TY - JOUR
AU - Dong Won Ko
TI - Legal Review on Regulations on a Bank's Subsidiary in Korea
JO - Journal of Regulation Studies
PY - 2007
VL - 16
IS - 2
PB - 한국규제학회
SP - 195
EP - 229
SN - 1738-7132
AB - Article 37 of the Korean Bank Act provides for various provisions such as definition of a bank's subsidiary and regulations on a bank's transactions with its subsidiary. According to the Bank Act, a bank's subsidiary is defined as a “company of which 15% or more of shares with voting rights is owned by a bank,” and a bank's subsidiary is divided into a financial subsidiary and a non-financial subsidiary. In order to enhance the reasonableness of regulations on a bank's subsidiary, the following measures are recommended: first, since it is unclear whether a bank may have its overseas subsidiary, a revision of the relevant provisions is needed for clarification; second, because it is unclear whether an approval from a financial supervisory authority is required in case of acquiring shares of a financial subsidiary, measures for clarification are needed; third, since it is controversial whether a foreign bank branch in Korea may have its subsidiary, the provisions for the prohibition needs to be added in the Bank Act; finally, the current 15% ceiling for the bank subsidiary definition purpose should increase to 25%, and the concept of 'de facto control' needs to be adopted to the definition of a bank's subsidiary.
KW - Bank's Subsidiary;Financial Subsidiary;Non-financial Subsidiary;Financial Holding Company;Bank Holding Company
DO -
UR -
ER -
Dong Won Ko. (2007). Legal Review on Regulations on a Bank's Subsidiary in Korea. Journal of Regulation Studies, 16(2), 195-229.
Dong Won Ko. 2007, "Legal Review on Regulations on a Bank's Subsidiary in Korea", Journal of Regulation Studies, vol.16, no.2 pp.195-229.
Dong Won Ko "Legal Review on Regulations on a Bank's Subsidiary in Korea" Journal of Regulation Studies 16.2 pp.195-229 (2007) : 195.
Dong Won Ko. Legal Review on Regulations on a Bank's Subsidiary in Korea. 2007; 16(2), 195-229.
Dong Won Ko. "Legal Review on Regulations on a Bank's Subsidiary in Korea" Journal of Regulation Studies 16, no.2 (2007) : 195-229.
Dong Won Ko. Legal Review on Regulations on a Bank's Subsidiary in Korea. Journal of Regulation Studies, 16(2), 195-229.
Dong Won Ko. Legal Review on Regulations on a Bank's Subsidiary in Korea. Journal of Regulation Studies. 2007; 16(2) 195-229.
Dong Won Ko. Legal Review on Regulations on a Bank's Subsidiary in Korea. 2007; 16(2), 195-229.
Dong Won Ko. "Legal Review on Regulations on a Bank's Subsidiary in Korea" Journal of Regulation Studies 16, no.2 (2007) : 195-229.
