Online Investment-Linked Finance (P2P Lending) Registration Requirements and Documents — Equity Capital of 500,000,000 won, 1,000,000,000 won or 3,000,000,000 won, 2-Month Review

Procedure

1. 1. Check the corporate form and business scope

   The applicant must be a stock company under the Commercial Act. After registration, permitted business is limited to what the Act lists, such as linked lending, linked investment on its own account under certain conditions, brokering transfers of principal-and-interest receivable rights, and managing and collecting linked loan claims. Operating online investment-linked finance without registration is punishable by up to 3 years in prison or a fine of up to 100,000,000 won.

2. 2. Meet the equity capital tier

   Equity capital must be at least 500,000,000 won if linked loan volume is under 30,000,000,000 won, 1,000,000,000 won if it is 30,000,000,000 won or more but under 100,000,000,000 won, and 3,000,000,000 won if it is 100,000,000,000 won or more. Linked loan volume is calculated as of the end of the previous year using the method set by Financial Services Commission notice, such as excluding repaid amounts from cumulative linked loans. The ratio of total liabilities to equity capital and total contributions must also be at or below the ratio set by Financial Services Commission notice within 200%.

3. 3. Check staffing, facilities and internal control requirements

   The company must have qualified staff and IT personnel, IT equipment and communication means, office space and equipment, security facilities, and backup facilities to keep operating in case of power failure or fire. Internal control systems including a conflict-of-interest prevention system and at least 1 compliance officer are also required. Officers must not fall under the disqualifications in Article 5 of the Act on Corporate Governance of Financial Companies, and major shareholders must meet standards on investment capacity, financial soundness and social credibility.

4. 4. Prepare and submit the registration application and business plan

   The application states the trade name, head office location, officers and board of directors, business plan, equity capital and other financial matters, linked loan volume, staff and physical facilities, major shareholders, and the conflict-of-interest prevention system. The business plan must meet standards on internal control for risk management and preventing financial accidents, business methods suited to user protection, and compliance with laws. It is submitted to the Financial Services Commission with attachments such as the articles of incorporation, officers' resumes, a statement of business methods and financial statements.

5. 5. Review, registration and post-registration management

   The Financial Services Commission decides on registration within 2 months and notifies the result in writing, and may request supplementation if there are deficiencies. Once registration is decided, it is entered in the register, announced in the Official Gazette and on the website, and a registration certificate is issued. After registration, the company must join the association and file a change registration within 15 days from the date a listed item in the application changes.

Required documents

• Online investment-linked finance business registration application
• Business plan
• Articles of incorporation or equivalent rules
• Document stating the location and name of the head office
• Officers' resumes and career certificates
• Document describing business methods
• Financial statements and supporting schedules for the last 3 fiscal years (not required for a company being established)
• Documents confirming staff and physical facilities
• Names of major shareholders and number of shares held, documents confirming major shareholder requirements, and documents confirming the conflict-of-interest prevention system

Fees

Industry fees range from several hundred thousand won to several million won · We provide a quote after consultation depending on whether the company is still being established, the volume of the business plan and attachments, and the scope of supplementation requested by the Financial Services Commission. Government fees are separate.

See fees and official charges for this service →

Legal basis and review date

• Online Investment-Linked Financial Business and Protection of Users Act, Article 2
• Online Investment-Linked Financial Business and Protection of Users Act, Article 4
• Online Investment-Linked Financial Business and Protection of Users Act, Article 5
• Online Investment-Linked Financial Business and Protection of Users Act, Article 6
• Online Investment-Linked Financial Business and Protection of Users Act, Article 7
• Online Investment-Linked Financial Business and Protection of Users Act, Article 8
• Online Investment-Linked Financial Business and Protection of Users Act, Article 13
• Online Investment-Linked Financial Business and Protection of Users Act, Article 17
• Online Investment-Linked Financial Business and Protection of Users Act, Article 40
• Online Investment-Linked Financial Business and Protection of Users Act, Article 55
• Online Investment-Linked Financial Business and Protection of Users Act, Article 57
• Enforcement Decree of the Online Investment-Linked Financial Business and Protection of Users Act, Article 3
• Enforcement Decree of the Online Investment-Linked Financial Business and Protection of Users Act, Article 4
• Enforcement Decree of the Online Investment-Linked Financial Business and Protection of Users Act, Article 5
• Enforcement Decree of the Online Investment-Linked Financial Business and Protection of Users Act, Article 7

Checked against the statutes on 2026-10-06

Statutes and public notices change, so each case needs to be checked individually. Statute titles are given in English for reference. The Korean statutes are the authoritative text.

Check these first

• If a listed item in the registration application changes, change registration must be filed within 15 days from the date the reason arises, and failure to do so is subject to a fine of up to 50,000,000 won.
• If equity capital falls below 70% of the applicable tier amount after registration, it breaches the requirement to maintain registration standards, so check it in advance as of the end of each fiscal year.

Frequently asked questions