Notice for Terms of Use Update

Clause 2 (Specification, Validity and Modification of Terms of Use)

4. Despite the Second Amendment, if urgent changes in Terms of Use is necessary due to changes in the relevant regulations or government policies, the Company may notify the member according to the First Amendment and make changes in Terms of Use.

6. If the member do not agree to the change of terms the Company cannot enforce the change of terms, and in this case the member may terminate the service contract. However, in special occasions where the Company can no longer apply the original terms, the Company may terminate the service contract.

Clause 2 (Specification, Validity and Modification of Terms of Use)

No.4 deleted.

5. If the member do not agree to the change of terms the Company cannot enforce the change of terms, and in this case the member may terminate the service contract.

Clause 3 (Regulations in addition to Terms)

For cases that are not specified in this term, the Company follows Act on the Consumer Protection in the Electronic, Law Respecting Regulation of General Clause, Guideline on the Consumer Protection in Electronic Commerce legislated by the Fair Trade Commission and conventions of general commercial transaction. Also, for transactions between the members through the service provided by the Company, relevant laws such as Door-to-door Selling Act, Electronic Commercial Law and Consumer Protection Law are applied on the preferential basis, and the member cannot claim immunity based on this clause. The company may have extra operation policies other than this clause.

Clause 3 (Regulations in addition to Terms)

1. The company may have a separate operation policy in addition to these terms of use.
2. For cases that are not specified in this terms of use, the Company followes in accordance with the operation policy, instructions for use, and relevant laws.

Clause 4 (Definition of Terminology)

12. ‘Transfer of Assets’ refers to the process of the member moving one’s asset from the Huobi Pro digital wallet or digital wallet of the Pair Market within the Huobi Korea service to the digital wallet of the Huobi Korea KRW market.

Clause 4 (Definition of Terminology)

No.12 deleted.

Clause 8 (Terminating the Service Contract)

3. The member should transfer all assets in one’s digital wallet to external wallets before terminating the service contract.

Clause 8 (Terminating the Service Contract)

3. In principle, if a member wishes to terminate a service contract, the member shall withdraw all KRW points and each cryptocurrency from the account and apply for the cancellation of the contract. However, if the balance remains less than the minimum amount available for withdrawal, it will not be returned to the member and be extinguished.

Clause 9 (Provision of the Service)

1. The Company provides service(hereinafter referred as Huobi Korea Trading Service) which the member can trade cryptocurrencies such as BTC, ETH, or ETC on the Company’s website(https://huobi.co.kr/).

Clause 9 (Provision of the Service)

No.1 deleted.

Clause 13 (Applying for Asset Transfer)

1. The member may apply for transferring one’s asset from the Huobi Pro digital wallet to the digital wallet of the current service or vice versa.

2. In case which the VIP package, fee coupons are applied within the service, the Company may automatically transfer the member’s VIP package and fee coupon point from the Huobi Pro service to the service with the member’s consent.

3. In cases of unusual business due to unfair trade, trading actions that derange the market orders such as matched orders and wash sales in purpose of manipulating the market price, confirmation of an artificial manipulation in the market price, DDos attacks, or in cases which a service malfunction is feared due to sudden increase of traffic(or when the Company judges that similar cases may occur), the Company may temporarily shut down the asset transfer service.

4. In case which the service is shut down according to the Second Amendment, cryptocurrency trading within the service and Huobi Pro is not shut down and the member can continue to trade cryptocurrencies.

Clause 13 (Applying for Asset Transfer)

Clause deleted.

Clause 14 (Cautions for Using the Service)

6. The Company may add or rule out cryptocurrencies members can use within the service at the discretion of the Company. The Company will put reasonable amount of efforts to deliver information about ruling out cryptocurrencies prior to the date of exclusion unless the law or regulators require not to.

Clause 13 (Cautions for Using the Service)

6. The company may add or exclude any cryptocurrency available to members in the service at the company's discretion. Unless required by law or regulatory authorities, the company will make reasonable efforts to inform the members in advance of the exclusion of cryptocurrency. When certain cryptocurrency are excluded from the services provided by the company, the company supports the withdrawal of the cryptocurrency into the external wallet within 30 days, but the withdrawal support period may be shortened in unavoidable circumstances. Any member who has an cryptocurrency with fixed exclusion must withdraw the cryptocurrency into an external wallet before the expiry of the withdrawal period. The company shall not take legal responsibility for any losses or expenses related to the exclusion of cryptocurrency.

Clause 15 (Process for Selling/Buying Cryptocurrencies)

3. The Company provides service which enables members to trade cryptocurrencies as per agreed cost between members(including the market price and limit price).

Clause 14 (Process for Selling/Buying Cryptocurrencies)

No.3 deleted.

Clause 16 (Restriction in Withdrawing the Korean Won)

Clause 15 (Restriction in Deposit and Withdrawal the Korean Won, etc.)

Clause 17 (The Company’s Usage of Member Information, etc.)

6. The termination of the service contract follows Clause 8, and in case of termination the personal information of the member is stored as per relevant laws such as The Act on the Consumer Protection in the Electronic Commerce Transactions etc. and is deleted afterwards.

7. Even in case which the Company is obligated to destruct the personal information, if the relevant law requires the Company to preserve it the Company preserves the personal information during the period mentioned in the relevant law.

Clause 16 (The Company’s Usage of Member Information, etc.)

6. The termination of the service contract follows Clause 8, and in case of termination the personal information of the member is stored as per relevant laws and is deleted afterwards.

7. Even in case which the Company is obligated to destruct the personal information, if the relevant law requires the Company to preserve it the Company preserves the personal information during the period mentioned in the relevant law.

Clause 18 (Notifying about the Member)

Clause 17 (Notifying about the Member)

Clause 19 (Personal Information Protection)

Clause 18 (Personal Information Protection)

Clause 20 (Special Clause for Corporate Members)

3. The corporation wishing to register as a member should contact the company(support-kr@huobi.com) in order to submit the application.

Clause 19 (Special Clause for Corporate Members)

3. A corporation that wishes to join as a member shall apply for a corporate membership at support-kr@huobi.com or contact the customer center.

Clause 21 (Compensation for Damage and Special Contract)

1. The Company does not promise nor guarantee any detailed content not mentioned in the Terms of Use within the parameter of the law. Also, the Company does not guarantee value for any sorts of materials or cryptocurrencies unless for those which the Company issued or guaranteed for payment.

3. In cases which the member suffer damage caused by the Company regardless of the damage being intentional or accidental the Company compensates for the damage as per the Terms of Use and relevant laws. However for the following cases the Company restores only the cryptocurrencies and KRW points confirmed through the final transaction information after the error is eliminated and does not hold responsibility for the damage. However, for cases which the following cases and the company’s responsibility overlaps, the company is held responsible within the parameter of the law.

① In case which a failure in service is caused by the member

6. The Company may legally exercise claim for damages to the member in case which the damage is occurred by the member’s illegal activity. Thus, please use the Company’s service observing the law.

Clause 20 (Compensation for Damage and Special Contract)

No.1, No.6 deleted.

2. In cases which the member suffer damage caused by the Company regardless of the damage being intentional or accidental the Company compensates for the damage as per the Terms of Use and relevant laws. However for the following cases the Company restores only the cryptocurrencies and KRW points confirmed through the final transaction information after the error is eliminated and does not hold responsibility for the damage. However, for cases which the following cases and the company’s responsibility overlaps, the company is held responsible within the parameter of the law.

① Obstruction of service use and damages due to reasons attributable to the member

Clause 22 (The Company’s Disavowal for acting as Surety or Proxy)

Clause 21 (The Company’s Disavowal for acting as Surety or Proxy)

Clause 23 (Solution of a Dispute and the Competent Court)

The Terms of Use and service is defined and executed as per the laws of Republic of Korea, and regardless of the member’s nationality and residence, the applicable law is set as the laws of Republic of Korea. However, in case of absence of the relevant laws or ruling of the Supreme Court, precedent from outside Republic of Korea or dominant opinions may have effect of that of the applicable law for the Terms of Use or dispute in the service. In case of dispute between the Company and the member as regards the usage of the service the Company will try its best to resolve the dispute between the concerned, but if the dispute is not resolved the Company may litigate through the competent court according to the Civil Procedure Code of Republic of Korea.

Clause 22 (Solution of a Dispute and the Competent Court)

The Terms of Use and service is defined and executed as per the laws of Republic of Korea, and regardless of the member’s nationality and residence, the applicable law is set as the laws of Republic of Korea. In case of dispute between the Company and the member as regards the usage of the service the Company will try its best to resolve the dispute between the concerned, but if the dispute is not resolved the Company may litigate through the competent court according to the Civil Procedure Code of Republic of Korea.