(1) The Fair Trade Commission may designate an agency or organization that has expertise in fair trade as a compliance evaluation agency (hereinafter referred to as "evaluation agency") to perform business affairs related to the evaluation of fair trade compliance (hereinafter referred to as "evaluation affairs"), as prescribed by Presidential Decree.
(2) Where an evaluation agency falls under any of the following, the Fair Trade Commission may revoke its designation or order the suspension of business for a specified period not exceeding one year; provided, in the case of subparagraph 1 or 5, the Fair Trade Commission shall revoke its designation:
1. Where it obtains designation by fraud or other improper means;
2. Where it performs evaluation affairs during the period of business suspension, in violation of an order of business suspension;
3. Where it violates the standards and procedures for the evaluation of fair trade compliance under Article 120-2(6) by intent or gross negligence;
4. Where it refuses to perform evaluation affairs without good cause;
5. Where it goes bankrupt or discontinues its business;
6. Where it is impractical for it to perform evaluation affairs due to its business suspension or bankruptcy.[This Article Added on Jun. 20, 2023]