(1) A person who intends to render telecommunications billing services shall meet the following requirements and file for registration with the Minister of Science and ICT, as prescribed by Presidential Decree: <Amended on Feb. 29, 2008; Mar. 23, 2013; Jul. 26, 2017>
1. Financial soundness;
2. A plan for protection of users of telecommunications billing services;
3. Human resources and physical facilities required for conducting the business;
4. A business plan.
(2) A person eligible for the registration under paragraph (1) shall be either a company under Article 170 of the Commercial Act or a corporation under Article 32 of the Civil Act; and the total amount of its capital, contributions, or fundamental property shall be at least the amount prescribed by Presidential Decree, not less than 500 million won.
(3) Notwithstanding Article 22 of the Telecommunications Business Act, a provider of telecommunications billing services need not file a report of a value-added telecommunications business operator. <Amended on Mar. 22, 2010>
(4) Articles 23 through 26 of the Telecommunications Business Act shall apply mutatis mutandis to the modification of registered matters of a provider of telecommunications billing services, the transfer of business or acquisition by transfer of business, or the merger or inheritance of business, the succession to business, and the temporary closure, permanent closure, dissolution, or similar of business of a provider of telecommunications billing services. In such cases, "special telecommunications business operator" shall be construed as "provider of telecommunications billing services", and "special telecommunications business" as "telecommunications billing services". <Amended on Mar. 22, 2010; Jun. 9, 2020>
(5) Detailed requirements and procedures for the registration under paragraph (1) and other necessary matters shall be prescribed by Presidential Decree.[This Article Added on Dec. 21, 2007][Previous Article 53 moved to Article 62 <Dec. 21, 2007>]