(1) "Who is prescribed by Presidential Decree" in the former part, with the exception of the subparagraphs, of Article 31-2 (1) of the Act means any of the following persons:
1. A person whose total sales for the previous year (referring to the previous business year in the case of a corporation) is at least one trillion won;
2. A person who has an average of at least one million domestic data subjects whose personal information is stored and managed for the immediately preceding three months as of the end of the previous year;
3. A person who is requested to submit relevant materials, such as articles and documents, pursuant to Article 63 (1) of the Act and for whom the Protection Commission deliberates and resolves on the need to designate a domestic agent.
(2) The total sales under paragraph (1) 1 shall be based on the amount converted into Korean won by applying the average exchange rate for the previous year.[This Article Added on Sep. 12, 2023][Moved from Article 32-2 <Mar. 12, 2024>]