The Act Governing Electronic Payment Institutions Article 17

A specialized electronic payment institution shall deposit the funds received from users into a dedicated deposit account in the same currency opened by it with a financial institution and accurately record the amounts of payment and transfer of funds in payment accounts.The financial institution prescribed in the preceding paragraph shall manage the deposit, transfer, withdrawal, and utilization of funds deposited by a specialized electronic payment institution and periodically report the relevant data of the dedicated deposit account to the competent authority.Regulations governing restrictions on the opening of dedicated deposit accounts prescribed in the first paragraph hereof, its management, operating methods, and other compliance matters shall be prescribed by the competent authority.