No domestic member company of a business group subject to limitations on cross shareholding (excluding a company engaging in financial business or insurance business) shall provide debt guarantees; provided, this shall not apply to any of the following debt guarantees:
1. Debt guarantees provided in relation to debts of a company transferred according to the criteria for rationalization under the Restriction of Special Taxation Act;
2. Debt guarantees for such cases prescribed by Presidential Decree as is necessary to enhance the international competitiveness of enterprises.