1. Reason for Amendment

- To include electronic financial entrepreneurs who do not fall under the "financial and insurance activities" category of the Korean Standard Industrial Classification (KSIC) within the definition of a financial company under the Financial Conglomerates Act. This ensures they are subject to the financial conglomerate's risk management, just like electronic financial entrepreneurs who do fall under the KSIC category.

2. Key Contents

A. Scope of Financial Companies (Draft Article 2)
- Include companies operating electronic financial businesses in the category of companies whose purpose is to run businesses closely related to financial operations.

B. Reflecting Name Changes for Private Equity Funds (Draft Article 5)
- Update and align terms with the revised Capital Markets Act, reflecting the changed classification standards for private equity funds (PEFs) enacted in 2021.