(1) If a corporation or organization designated as a certification body for information security management systems or an examination institution for information security management systems pursuant to Article 47 falls under any of the following cases, the Minister of Science and ICT may revoke the designation or order it to fully or partially suspend the relevant business for a specified period not exceeding 1 year; provided, in cases falling under subparagraph 1 or 2, the Minister of Science and ICT shall revoke the designation: <Amended on Feb. 17, 2012; Mar. 23, 2013; Dec. 1, 2015; Jul. 26, 2017>
1. Where it has obtained the designation of a certification body for information security management systems or an examination institution for information security management systems by fraud or other improper means;
2. Where it has performed certification or examination for certification during a business suspension period;
3. Where it has not performed certification or examination for certification without good cause;
4. Where it has performed certification or examination for certification, in violation of Article 47 (11);
5. Where it no longer meets the standards for designation under Article 47 (12).
(2) Matters necessary for the revocation of designation and suspension of business under paragraph (1) and other related matters shall be prescribed by Presidential Decree.[This Article Wholly Amended on Jun. 13, 2008][Title Amended on Dec. 1, 2015]