Regulations Governing Banks Conducting Financial Products and Services for High-Asset Customers Article 4

The bank shall explain the following items to high-asset customers through face-to-face consultation or video conference and confirm that the customer understands and has sufficient knowledge of investment risks before providing financial products or services:1. Explain the customer's status as a high-asset customer and the bank shall use the information obtained through KYC procedures as the basis for providing personalized or customized financial products or services.2. Explain that the customer must fully understand the potential risks and maximum possible loss of financial products or services before deciding to invest in financial products or accepting services. High-asset customers are classified as professional investors or professional customers when receiving financial products or services provided by banks and therefore the regulations in the Financial Consumer Protection Act do not apply to high-asset customers.3. Explain the summary of information obtained in the bank's KYC procedures implemented for the customer.4. Explain the scope of personalized or customized financial products or services the bank plans to provide for the customer, including the financial products or services applicable for high-asset customers specified in the Regulations.The bank shall retain records provided in writing and audio recording of the notification and explanation procedures provided for high-asset customers in the preceding paragraph. Where the customer does not agree to use audio recordings, the bank shall formulate a record provided in writing and ask the customer to sign for confirmation.