(1) A person required to report a business combination pursuant to Article 11(1) and (2) may submit to the Fair Trade Commission the corrective measures necessary to resolve concerns about the restriction on competition caused by the business combination subject to such report.
(2) A person who intends to submit a correction scheme pursuant to paragraph (1) shall submit it in writing within the review period under Article 11(7).
(3) If the Fair Trade Commission deems that the correction scheme submitted pursuant to paragraph (1) fails to meet the following requirements, the Fair Trade Commission may request the person who has submitted the correction scheme to revise and resubmit the correction scheme:
1. The correction scheme shall be sufficient to ease the concerns over a possible restriction on competition (hereafter in this Article referred to as "concerns over a possible restriction on competition") caused by the business combination;
2. The correction scheme necessary for effectively easing the concerns over a possible restriction on competition shall be able to be implemented within an appropriate period.
(4) The period required to revise the correction scheme under paragraph (3) shall not be included in the review period under Article 11(7).
(5) Except as provided in paragraphs (1) through (4), matters necessary for the methods, procedures, etc. for submitting correction schemes shall be determined and publicly notified by the Fair Trade Commission.[This Article Added on Feb. 6, 2024]