(1) No domestic member company of a business group subject to limitations on cross shareholding shall acquire or own shares of a domestic affiliate that has acquired or owned its own shares; provided, this shall not apply in any of the following cases:
1. Merger of a company or acquisition by transfer of all business;
2. Exercise of security rights or the receipt of an accord and satisfaction;(2) A company that has made an investment pursuant to the proviso, except the subparagraphs, of paragraph (1) shall dispose of the shares within six months from the date of acquisition or ownership of the shares; provided, this shall not apply where a domestic affiliate that has acquired or owned the company's shares disposes of such shares.
(3) No domestic member company of a business group subject to limitations on cross shareholding, which is a venture investment company defined in the Venture Investment Promotion Act, shall acquire or own shares of any domestic affiliate. <Amended on Jun. 20, 2023>