证券市场导报
證券市場導報
증권시장도보
Securities Market Herald
2012年
1期
44~49
,共null页
韩国资本市场法 适合性原则 保护义务 不当劝诱
韓國資本市場法 適閤性原則 保護義務 不噹勸誘
한국자본시장법 괄합성원칙 보호의무 불당권유
Korean capital market law, suitability rule, obligation to protect, improper recommendation
韩国资本市场法首次规定了金融适合性原则，在此之前，韩国法院自20世纪90年代起就开始对金融机构违反适合性原则的民事责任进行判决，确定了不能仅以违反适合性原则而应当结合金融机构是否从事了不当劝诱和违反了保护义务等事实进行综合判断违法性的基准。但韩国立法和司法存在的缺陷是：资本市场法并未直接规定违反适合性原则的民事责任，法院认定违反适合性原则的民事责任的性质也仅为侵权责任，且举证责任主要由投资者负担等。借鉴韩国的立法和司法经验，同时摒弃其立法和司法缺陷，有助于完善我国金融法制和审判。
韓國資本市場法首次規定瞭金融適閤性原則，在此之前，韓國法院自20世紀90年代起就開始對金融機構違反適閤性原則的民事責任進行判決，確定瞭不能僅以違反適閤性原則而應噹結閤金融機構是否從事瞭不噹勸誘和違反瞭保護義務等事實進行綜閤判斷違法性的基準。但韓國立法和司法存在的缺陷是：資本市場法併未直接規定違反適閤性原則的民事責任，法院認定違反適閤性原則的民事責任的性質也僅為侵權責任，且舉證責任主要由投資者負擔等。藉鑒韓國的立法和司法經驗，同時摒棄其立法和司法缺陷，有助于完善我國金融法製和審判。
한국자본시장법수차규정료금융괄합성원칙，재차지전，한국법원자20세기90년대기취개시대금융궤구위반괄합성원칙적민사책임진행판결，학정료불능부이위반괄합성원칙이응당결합금융궤구시부종사료불당권유화위반료보호의무등사실진행종합판단위법성적기준。단한국입법화사법존재적결함시：자본시장법병미직접규정위반괄합성원칙적민사책임，법원인정위반괄합성원칙적민사책임적성질야부위침권책임，차거증책임주요유투자자부담등。차감한국적입법화사법경험，동시병기기입법화사법결함，유조우완선아국금융법제화심판。
Korean Capital Market Law provides for the first time the principle of financial suitability, before that, Korean courts have begun to judge on the civil liabilities of financial institutes for violating suitability rule since 1990s, setting the standard that illegality does not only base on the violation of the suitability rule solely, but should be affiliated with the obligation to protect and improper recommendation and etc. However, Korean Capital Market Law doesn＇t regulate the civil liability of the violation of the suitability rule directly, and many courts approve the nature of the violation of suitability is only tort liability and the burden of proof is on the plaintiff. It is helpful to improve our financial exchange laws and trials by adopting the good and abandoning the bad of Korean financial laws.
