Regulations Governing the Dedicated Deposit Account of Specialized Electronic Payment Institutions Article 21

A specialized electronic payment institutions shall deposit all stored value funds that are recorded daily into the managed account, clearing account, or inter-bank business fund account on the next banking day. However, payment funds received/paid as an agent that paying by credit cards linked to e-payment accounts or paying by stored value cards does not apply to the aforementioned requirement.Where a specialized electronic payment institution places the funds received from users in a trust according to Paragraph 1, Article 21 of the Act, and enters into an agreement with the managing bank regarding the proportion of the stored value funds to be deposited into the managed account and cooperative account, the preceding paragraph shall not be applicable.