Terms of Use

Article 1 General Rules

Section 1 [Purpose]

The purpose of these terms of use is to define the company and user’s rights, responsibilities, and the user’s service use procedure in regards to using internet related service (the “Service”) by internet website, www.fanmaum.com (“Site”), operated by Fanmaum Co. (“Company”).


Section 2 [Definition]

1. Service : The various service provided by the “Company” which can be used by the user regardless of what kind of device is used (including various wire-wireless devices such as PC, TV, portable device).

2. Site : Refers to www.fanmaum.com, the website operated by the “Company.”

3. Project Creator : “Member” who opens a support project through the service provided by the Company.

4. Member : Individual or corporate customer who connects to the site, enter into service contract according to these terms, and use the service provided by the Company.

5. Supporter : "Member” who supports Project Creator by choosing a Project which is open through service provided by the Company and support amount.

6. Project : The service opened in the space provided by the Company in order to receive contribution from other members.

7. Heart : Specific points that "Supporter" uses to participate in projects, and 1 Heart is worth KRW 1.

8. Reward : Goods or Benefits promised by the Project Creator to be provided to the Supporter after completion of the project.

9. Besides what has been specified in each rule above, the definition of words used in these terms will follow the transaction customs and related laws.


Section 3 [Display of terms and revision]

1. ”Company” will display the contents of terms on the first screen of website so the user can easily check. (It will be posted on the website.)

2. ”Company” can revise the terms within the range which does not violate the law related to financial investment business, laws related to consumer protection in electronic transactions, laws regarding regulation of terms, laws regarding door-to-door sales, and consumer protection laws.

3. In case the Company revises terms, the revision will be made, effective date will be determined, then they will be posted on the website on a designated date, at least 7 days before the effective date. Also, for existing members, besides the announcement on the website, they will be notified via the email that they entered at registration as well.

4. When the Company makes revision in terms and notify the users following rule 3 above, if the user does not express intention to disagree within 7 days after the effective date, it will be assumed that he/she agreed to the revised terms.

5. In case a Member does not agree to the revised Terms, he/she may apply for cancellation of Membership to the Company.


Section 4 [The nature and purpose of Service]

1. The Service provided by the company is online platform that helps the trade/transaction between Members to happen smoothly and the company does not lend money to or borrow money from the Member.

2. The responsibility related to the transaction made between Members, shall be taken by the Members themselves. However, the documents needed in order to resolve the problems that occurred between the Members, can be provided within the range permitted by related laws.



Article 2 Membership registration, etc.

Section 5 [Membership Registration]

1. Service contract is entered into when a person who desires to become a Member (Membership Applicant), agrees to Terms, applies for membership, and the Company approves.

2. When “Membership Applicant” reads Terms and privacy policy of the Company, and takes action such as pressing “Agree” button or checking next to “OK,” it will be assumed that he/she has agreed to the Terms.

3. A person who did not register with his/her real name cannot claim the rights as a Member. The account made through someone else’s name will be deleted and he/she may be punished according to related laws.

4. It is principle rule that one Member has only one account and if a Member has more than one account, his/her account(s) will be deleted, membership cancelled, or he/she may be banned from applying for Membership again. Also, the Member who has more than one account cannot claim any rights to those other accounts.


Section 6 [The Approval and Limitation of Application to Use Service]

1. As long as there is no special reason not to, the Company will approve the Membership Applicant’s application. However, in following cases, it may be denied or even after it is approved, the Company may cancel the Membership at any time.

1) When someone applies for Membership with a name that is not his/her real name, or by using someone else’s personal information

2) When the Membership Applicant has lost eligibility to apply for Membership following these Terms before, but the Company will give an exception if he/she has been given approval for re-applying for the Membership

3) When the User entered false information or did not enter the information requested by the Company

4) When the User applied for Membership with intention to harm the public peace, order, and traditional customs.

5) When he/she intends to use the Service for ill purposes

6) When he/she threatens the order within electronic transactions by disrupting someone else from using the Service, or stealing someone else’s information

7) When a User who is in the competitive position with the Service applies

8) When the approval is impossible due to attributable reasons or in case he/she applied violating other specified various terms

9) When a child under age of 14 applied without legal guardian’s (parents, etc.) consent

2. The Company may limit or postpone the application’s approval in following cases

1) When there is no room in the Company’s service related system

2) When there’s technical problem in providing service

3) When the applicant is underage

4) When it is acknowledged that there is a reason that comes close to the other cases above

3. The Company may divide Members into different levels and according those levels, usage time, usage numbers, and service content, etc. may differ.


Section 7 [Duty to protect personal information]

The Company shall try best to protect Member’s personal information according to related laws such as information network law. About the protection and use of personal information, related laws and the Company’s personal information handling regulations will apply. However, for websites outside the Company’s official website, the Company’s personal information handling regulations do not apply.


Section 8 [Member’s account and password management]

1. The responsibility of managing Member’s account and password belongs to the Member him/herself, and he/she shall not let a third party use it.

2. The Member may not change the account given by the Company, and may not have more than one account. In case he/she desires to change the account for unavoidable reasons, he/she will need to cancel the membership and register again.

3. In following cases, the Company may request change of account to the Member, and in this case, the Member has to cancel Membership and register again.

1) In case that the User’s account is registered with phone number or identification number, etc. so the invasion of privacy is worried

2) In case the User’s account causes repulsion from others or it is against traditional customs

4. The Company may limit an account’s use, when there’s risk of personal information to leak or if the account has possibility of getting mistaken as an account that belongs to the Company or Company’s administrator.

5. In case a Member finds out his/her account and/or password has been used by someone else, the Member shall notify the Company and follow their instructions.

6. In case of Clause 5 above, if the Member does not notify the Company or has notified the Company but did not follow the instructions, the Company is not responsible for any loss.

7. The account of Service provided by the Company may be linked to account on a different site operated by the Company under the Member’s agreement.

8. Parts regarding other member information management or change shall follow what is decided by directions for different services.


Section 9 [Changing member information]

1. Member may view or modify his/her personal information through personal information management screen. However, he/she cannot modify real name, account, and date of birth, which are needed for service management.

2. When any of information entered at the time of registration changes, the Member shall notify the company of the change of information by updating the information online or sending an email, etc.

3. The Company is not responsible for any loss occurred from not notifying the Company of change of information from 2).


Section 10 [Leaving the site, etc.]

1. Member may leave and request cancellation of use contract at any time through cancellation menu within the Site, and the Company has to process it immediately according to the related laws.

2. When a Member leaves site and cancels use contract – except in case the Company keeps Member information according to related laws and personal information handling regulations – all of member’s information is deleted upon cancellation.



Article 3 Duty and responsibility

Section 11 [Company’s duty]

1. The Company does not take any action that is not allowed by these Terms or any action against traditional customs and will do best to provide continuous and stable service.

2. The company will make a security system to protect personal information protection so the Member can use Service safely, and follow personal information handling regulations.

3. In case there is an error in electronic transaction, the Company shall produce and keep a record that this can be checked.

4. In providing electronic financial transaction service, the user’s personal information, bank account information, account information, and contents of electronic financial transaction shall not be provided, leaked, or used by third party, without following related laws, or acquiring the user’s agreement.

5. The Company will process immediately if the opinion or complaint from Member recognized as reasonable. However, when it’s impossible to process it immediately, the reason and the processing period will be notified.

6. The Company does not send email with commercial purpose unless the Member has agreed to receive it.

7. When there is membership cancellation request, the Company will process the request immediately after member verification.


Section 12 [Company’s responsibility]

1. In case an accident occurs when the Company is the issuer of verification tool or user/management and forging or falsifying information happens, the user’s loss in the process of transaction or transaction order will be compensated by the Company.

2. While the previous rule is still valid, in the following cases, the Company is not responsible for loss compensation for the User.

1) In case the Company is not the issuing agent of verification method, and the loss occurred to the User from an accident from forging or falsification of the verification method.

2) In case the User authorize a third party to lend/transfer or use the verification method, provide it as a collateral purpose, or the User giveaway, expose, or neglect the verification method even though he/she knew or could find out that the third party could use it for electronic financial transaction without authority.

3) In case loss occurred to corporation (Small businesses stated in the Section 2, Clause 2 of “Standard Small and Medium Business Law,” are exceptions) user, in which the Company has done enough duty of care which is reasonably requested such as setting up a security procedure to prevent accidents, and thoroughly complying with them.

4) In case the service cannot be used because of problem in public communication line which is not the Company’s area of management.

5) In other cases with problem in communication service in which there is no reason for fault for the Company.

3. Even though there was a transaction request from the User, the processing was impossible or delayed because of blackout, fire, communication line problem, and other uncontrollable reasons but the reason why it was impossible or delayed was notified by the Company(the cases in which the financial institution or payment method issuing agent/telemarketing business has notified the User are included), the Company is not obligated to the User.

4. The Company shall notify the User of suspension schedule and suspension reason beforehand through company’s website in case the providing of service is temporarily suspended because of reasons such as need for repair, inspection, or replacement of communication facilities such as computers, have occurred.


Section 13 [Duty of Member]

1. Members shall not do the following.

1)Entering false information at the time of membership registration or when updating information

2) Using other member’s account, password, etc.

3) Selling the account to someone else

4) Pretending to be the Company’s operating staff, employee, or related personnel

Changing the company’s client program without being given special authority from the Company, hack the company’s server, or change the part or whole of the website or posted information

5) Harm service or disrupt on purpose

6) Using the information acquired through this service for other purposes besides using the service, such as processing, selling, duplicating, transmitting, distributing, using the information for publishing or broadcasting, or providing it to the third party

7) Sending, uploading, emailing information, sentences, shapes, sound, or videos that violate public order and traditional customs

8) Sending, uploading, emailing contents that could violate someone else’s honor or privacy because it is insulting or it is personal information

9) Harassing or threatening other member, or continuously giving pain or inconvenience to specific user

10) Collecting or saving other member’s personal information without the company’s approval

11) Any action that is objectively considered to be associated with crime

12) Any action that disrupts company’s tasks or that damages the reputation of the company

13) Providing the right to use service or other position from the use contract by handing over, giving away, or providing as collateral without expression of consent from the Company

14) Any action that violates the various rules or use conditions given by the company including these Terms

15) Any action that violates other laws

2. Member shall follow related laws, these Terms, other various rules made by the Company, service use instruction, announcements and others that are notified by the Company

3. Member cannot have sales activities by suing the Service without approval from the Company beforehand. Any transaction which occurred between members or through a third party service is unrelated with the Company and the Company has no responsibility regarding it.

4. In case a Member has caused loss to the Company by violating rule 3 above, the Member shall compensate for that loss to the Company.


Section 14 [Notice for Members]

1. When the Company makes a notice to the Member, they can use email address or message within the Service unless there is a separate rule about it in these Terms.

2. In case a Member expressly refused receiving of emails, the Company may send an email in case they need to fulfill the responsibility stated in the related laws or these Terms.

3. In case there is a notice for all the Members, the Company may change from the rule 1 by posting the notice on the bulletin board of website for over 7 days.



Article 4 The use of the service

Section 15 [Provision and change of Service]

1. The Company may provide fan crowdfunding service to Members. At this time, in regards to the design of service, laws related to capital market and financial investment business shall be followed.

2. The Company provides all services such as contents provided by the Company and events in progress to the Member. However, there may be level difference in service according to the level of Members stated in the Article 6 Rule 3.

3. When there is a service change, the Company shall notify the Member of the service which will be changed and the provision date through the methods specified in the Article 14.


Section 16 [Management of uploaded/posted material]

1. The Company shall try to prevent the material uploaded/posted by Member from falsification, damage, and deletion

2. The Company may reject registering, or delete, move, or change the material that includes the following contents

1) Content that severely insults or damages reputation of another Member or a third party

2) Content that violates public order and traditional custom or which includes link through which someone can connect to such site

3) Explicit content is uploaded/posted or link to site with explicit contents has been added

4) Content that encourages piracy or hacking

5) When an advertisement with commercial purpose over when the posting is a spam

6) Content that is objectively considered to be associated with crime

7) Content that violates the copyright or other rights of the Company, other Member, or a third party

8) Content that does not suit the characteristic of the board that User desires to register on

9) When commercial software or a crack file has been uploaded/posted

10) When the purpose of uploading is not met by uploading same content several times

11) Content that violates other company’s various rules or related laws

3. The Company may set detailed use regulations for separate services, and Members shall upload contents (forwarding between members included) according to these regulations.

4. The Company may delete the content registered by a Member when it is different from the direction of service.


Section 17 [Where the right of uploaded/posted content belongs]

1. The copyright and intellectual property right of all the uploaded/posted content by the Company belongs to the Company

2. The copyright of contents that are uploaded/posted by a Member within service screen belongs to the Member who uploaded/posted it

3. About the content that the Member has the copyright, the company may use them (It includes providing Meta data to external website that is operated by other company that is affiliated with the Company) and regardless of whether it is for commercial purpose or not, it can be used freely within the website operated by the Company. In case the Member agrees to the Terms, it will be considered that intellectual property rights, etc. need for the uses stated above has been given to the Company and it is valid even after the Member cancels the membership.

4. In case the Company desires to use the contents uploaded/posted by a Member besides the ways stated in the rule 3 above, they shall get Member’s agreement beforehand through methods such as phone call, fax, electronic mail, etc.


Section 18 [Posting Advertisement]

1. The Company may up load on website or send the contents related to operating the service via email, message, SMS, etc. However, when sending email, message, SMS, etc., the Company shall check if members have agreed to receiving email, message, SMS, etc., and only send to members who have agreed.

2. The user using the ad posted within the service or communicating or having transaction through engaging in the advertiser’s promotion activity, etc., is completely a matter between the user and the advertiser. Even if a problem occurs between them, the user and advertiser themselves shall resolve it, and the Company does not take any responsibility related to it.


Section 19 [Service use time]

1. The Company starts service at the point the Member’s use contract has been approved. However, for some services, the service begins on the specified date.

2. The Company may divide the service into certain ranges, and may specify the time it may be used depending on the range. In this case, this information will be announced to the members.

3. This service is provided 24 hours a day, 365 days a year. However, when there is task or technical problem, or technical backup and site’s improvement is needed, the service may be suspended momentarily. In this case, the Company will announce it beforehand or afterward.


Section 20 [Service use limit or cancellation of Membership]

In the following cases, the Company may limit or suspend Member’s service use or cancel his/her membership.

1. When Member disrupts the Company’s operation of service on purpose or by mistake

2. When Member violated the Member’s duty defined in the Section 13.

3. When a member has more than one account

4. When it’s inevitable due to regular checkup of communication facilities or system, or maintenance related reasons such as expansion and replacement, repair and checkup, failure, etc.

5. When the communication service has been interrupted by the key telecommunications service provider set by Telecommunications Business Act

6. When using the service is interrupted by state of national emergency, service facility problem, or service use overload

7. When an account or nickname that violates traditional customs has been used

8. When there is correction request from related administrative office or public institution

9. When the service has not been used for over 3 months

10. When using the board as file archive by uploading data without index file, etc.

11. When content or data mentioned in the section 16, clause 2, has been uploaded or registered

12. When someone else’s payment information has been stolen and used or a transaction happens through dishonest method

Section 21 [Application of a project]

1. Member who wishes to create a project may apply to do so by following the form and procedure provided by the Company. At this time, the creator may enter a contract separate from the Company regarding the opening of a project.

2. The submitted project will be evaluated to see if it is in accord with the following criteria and operation direction set by the Company and only the approved projects are posted on the website.

1) Whether the regulation and procedure for opening a project has been followed

2) Whether the project opening form has been filled out

3) whether the files requested have been provided

4) Whether it violates related laws, public order, or traditional customs

5) Whether there is a purpose to damage someone else’s reputation or give disadvantage to someone else

6) whether it suits various project evaluation criteria set by the Company

7) Whether other requests necessary for opening a project has been met

3. There shall be no false information, omission of entry, or spelling error in the contents of project that Member applied to be opened, and the Member is responsible for any disadvantage that occurs from not following this term.

4. All the rights and responsibilities for project contents and files made and provided by Member, belong to the Member and when it is considered that the contents of project that Member registered fit any of the following, it may be deleted without notice beforehand and the Company does not take any responsibility regarding it. Also depending on the case, the Company may request to the Member who registered the project for explanation.

1) When is confirmed that the member information or project information provided by the Member was false

2) When it is about invading a third party’s intellectual property rights or other rights

3) When contents not approved by the Company beforehand, has been posted

4) When a Member posts contents that are explicit, harassing, cursing, damaging reputation, or illegally revealing personal information, or links a website related to such purpose

5) When a Member revised or manipulated project information illegally

6) When it is considered that related laws have been violated

5. Project approved to be registered can be posted on the website or service related website even after the application accepting period is over.


Section 22[Revision of Project]

1. Before the project is approved by the project, the revision can only made after requesting the revision to the Company and within the range that is approved by the Company.

2. After the project is approved, part of project page cannot be changed, cancelled, or deleted any more. In case the project applicant Member revises, changes, or deletes the part which is not allowed to be revised, Member who sponsored the project can take legal action such as filing for a claim for the damage/loss, and the Company is not responsible for any disadvantage caused by this.


Section 23 [Project Cancellation]

1. Before the project is approved, the project may be cancelled freely, and it may be cancelled by making a request to the Company. However, the fee used until the point of cancellation shall be paid to the Company.

2. After the project has been approved, the application to open project cannot be freely cancelled by the opener before the deadline of the project.

3. Fanmaum does not automatically refund payments made for cancelled projects back to your payment provider. Hearts funded from project cancellations are refunded to the participant’s balance as credit and are available for future participation in support projects on Fanmaum. Hearts returned to your balance from cancelled projects will not include processing fees paid.

4. The project cannot be cancelled after the project ends as a success.

5. The revision of project will be notified through update, and Member can check it at any time.


Section 24 [Payment Method]

Member may make payment within the website through methods set by the Company (credit card, real time account transfer, virtual account, etc.) and for accurate and secure payment processing, customer’s information is provided to a pay gate company in accordance with related laws.


Section 25 [Cancellation and refund of payment]

1. Payment cancellation and refund regulations shall follow related laws such as law related to protection of consumer in electronic transaction, etc.

2. According to nature of different services, the Company may set cancellation and refund regulations following separate terms or use conditions, and in this case, cancellation and refund regulations of separate terms and use conditions will be applied first.

3. For other cancellation and refund related matter not specified in these Terms or use instruction of website, it will follow what has been set in the consumer loss compensation regulations.


Section 26 [Cancellation and refund fee]

1. Deposit refunds, when available from the payment provider, can be performed by our Customer Support team.

2. In case of cancellation just from simple change of mind, the fee that occurs in processing refunds shall be paid by the Member.

3. Cancellation and refund fees will be processed differently depending on the payment method, and the way of charging for cancellation and refund fee will be following separated payment cancellation and refund regulations.


Section 27 [Success of Sponsoring]

1. For project’s final contribution amount, cancellation and revision application before the contributing period deadline can be reflected.

2. In case the project’s contribution collection has failed, the project opener cannot claim any right for the funds raised until that point, and according to the procedure previously notified, the Company will cancel all of contribution amounts paid by the sponsors/contributors.


Section 28 [Spending contributions]

The Company spends the whole contribution amount that has been raised on behalf of Creator, and it is rule that the raised funds not to be deposited to individual Creator.


Section 29 [Use of contributions]

The project opener shall use the funds received from the success of project for only execution and completion of promised project, and for expenses related to fulfillment and shipping of promised goods, and he/she will be completely responsible for any disadvantage occurred from not fulfilling them.


Section 30 [Provision of rewards]

1. The project opener has responsibility to fulfill the promise between a Member and another Member, or Member and a third party, and providing sponsor goods option, and the said Member is responsible for disadvantage that occurred from not fulfilling them.

2. The project opener shall post the content about the goods which will be provided, quantity, provision schedule on the website for the contributors, and when goods cost collection is successful, he/she is responsible to fulfill them. If the opener does not fulfill what has been promised, it has been differently or partially fulfilled from the content posted on purpose, or when defective goods are provided, contribution amount will be withdrawn by the Company and said member is responsible for claim for loss compensation by the contributor/sponsor.

3. The project opener has duty to honestly reply and respond to inquiries about the project, and goods that will be provided to the contributor/sponsor.


Section 31 [Fees]

1. Member’s website registration, and creating and sponsoring a project through service, is free.

2. In case the Company wants to charge fee for service use for other services, the standard of assessment and other details on the website 7 days before it is enforced.



Article 5 Others

Section 32 [Limit of Responsibility]

1. In case the Company limits or suspends service, or cancels membership because of reasons stated in the Section 16, Clause 2, and Section 20, Clause 1, the Company does not have responsibility to compensate for Member’s loss from it.

2. The Company is not responsible for loss occurred from the Member poorly filling out personal information or did not fulfill the revision responsibility stated in Section 8, Clause 2.

3. The honesty, accuracy, and reliability of the information, data, facts, etc., that member posted on the website, are not guaranteed by the Company. Whether to make use of the posted material or not, depends on each Member’s responsibility and judgment, and the Company is not responsible at all for the results.

4. The Company does not have responsibility to be involved in the dispute that occurred from the service between the members or between Member and a third party. The Company does not take responsibility for the loss of Member or a third party caused intentionally or negligently by a Member related using the Service.


Section 33 [Loss Compensation]

In case a loss occurs to the Company because of the user violating the duties from these Terms, the user has to compensate for the Company’s loss.


Section 34 [Applicable Law and the Competent Court]

1. The Company and Member shall make necessary efforts to amicably resolve dispute that occurred in regards to the Service.

2. In case a lawsuit is filed due to the dispute despite the previous clause, it shall be resolved at the court that has jurisdiction where the Company is located.

3. The dispute between the Company and Member will be handled in accordance with Korean laws.



Additional Clause

These Terms of Use are effective starting on April 30, 2016.