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Act on Promotion of Information and Communications Network Utilization and Information Protection — Article 54 (Disqualification from filing for registration)

정보통신망 이용촉진 및 정보보호 등에 관한 법률 제54조

This English translation is based on the Korean text effective 2025-10-01. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

Any of the following persons shall be disqualified from filing for registration under Article 53: <Amended on Feb. 29, 2008; Mar. 23, 2013; Jul. 26, 2017; Jun. 9, 2020>

1. A corporation for which 1 year has not elapsed since its business was permanently closed pursuant to Article 53 (4) or a person who was a majority shareholder (referring to an investor prescribed by Presidential Decree; hereinafter the same shall apply) of such corporation as at the time its business was permanently closed, if 1 year has not elapsed since the date of permanent closure of its business;

2. A corporation for which 3 years have not elapsed since its registration was revoked pursuant to Article 55 (1) or a person who was a majority shareholder of such corporation as at the time its registration was revoked, if 3 years have not elapsed since the date of revocation;

3. A corporation that is still under rehabilitation proceedings under the Debtor Rehabilitation and Bankruptcy Act or a majority shareholder of such corporation;

4. A person who did not perform his or her obligations within an agreed time limit in conducting a banking transaction or any other commercial transaction and who is prescribed by the Minister of Science and ICT;

5. A corporation any of whose majority shareholders falls under subparagraphs 1 through 4.[This Article Added on Dec. 21, 2007][Previous Article 54 Moved to Article 63 <Dec. 21, 2007>]

‹ Article 53All articlesArticle 55 ›

Korean original (law.go.kr) · Get articles as JSON via API

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