Regulations on Business Entity Accounting Handling Article 2

The handling of business accounting affairs shall be in accordance with the provisions of the "Act", this Regulation and all applicable legal directives. Matters not provided herein shall be subject to Generally Accepted Accounting Principles. However, starting the beginning of 2018 fiscal year, a company, except when it has control or significant influence over, or a joint venture interest in, an invested company, in which case it shall value the long-term equity investment using the equity method, may prepare financial statements voluntarily pursuant to provisions in Articles 3, 9 through 14, 16, 18, 24-1 through 26 and 28 of "Regulations Governing the Preparation of Financial Reports by Securities Issuers" promulgated by Financial Supervisory Commission, and shall be exempted from restrictions under this Regulation.