(1) If the business of a person who has reported on the location-based service business in accordance with Article 9 (1) or the proviso of Article 9-2 (1) is fully or partially transferred or inherited; or if a corporation that has reported on the location-based service business in accordance with Article 9 (1) or the proviso of Article 9-2 (1) is merged or split off, the transferee or inheritor of the business or the corporation incorporated during the merger or split-off or the corporation surviving the merger or split-off shall report the event to the Korea Media and Communications Commission, as prescribed by Presidential Decree. <Amended on Feb. 29, 2008; Apr. 17, 2018; Oct. 1, 2025>
(2) Upon receiving a report under paragraph (1), the Korea Media and Communications Commission shall review and accept the report if it meets the requirements of this Act. <Added on Apr. 17, 2018; Oct. 1, 2025; Oct. 1, 2025>
(3) The transferee or inheritor who has filed a report in accordance with paragraph (1) or the corporation incorporated during a merger or split-off or the corporation surviving a merger or split- off shall succeed to the status of the transferor, the decedent, or the corporation existing prior to the merger or split-off, respectively. <Amended on Apr. 17, 2018>