Penn State International Law Review

Article Title



Choong Kee Lee

First Paragraph

The major pieces of Korean legislation providing for confidentiality of financial information include the Emergency Presidential Order Regarding Real Name Financial Transactions and the Protection of Confidentiality (the Order), the Securities Exchange Act, the Bank Act, the Credit Card Business Act, the Law Regarding Use and Protection of Credit Information, and the Ministry of Finance and Economy (MOFE) Regulation to the Foreign Exchange Management Act. Perhaps the best starting point for investigating Korean secrecy law involves an examination of section four of the Order, as its provisions on confidentiality are the most comprehensive.