(1) When any electronic financial business entity who has obtained permission pursuant to Article 28 (1) intends to engage in any of the following activities, he or she shall obtain authorization therefor from the Financial Services Commission, as prescribed by Presidential Decree: <Amended on Feb. 29, 2008; May 22, 2013>
1. A merger with another financial company or electronic financial business entity;
2. Dissolution or the closure of electronic financial business;
3. Transfer and takeover all or part of business.
(2) The Financial Services Commission may attach a condition to authorization under paragraph (1). <Amended on Feb. 29, 2008>