(1) Any person intending to become a specialized safety management institution or specialized health management institution shall obtain designation from the Minister of Employment and Labor after meeting the requirements for human resources, facilities, equipment, etc. prescribed by Presidential Decree.
(2) The Minister of Employment and Labor may evaluate specialized safety management institutions or specialized health management institutions and publish the results of such evaluation. In such cases, matters necessary for the standards and methods for evaluation, and for publishing the results of evaluation shall be prescribed by Decree of the Ministry of Employment and Labor.
(3) The procedures for designating specialized safety management institutions or specialized health management institutions; matters regarding the performance of their duties; the area where entrusted duties may be performed; and other necessary matters shall be prescribed by Decree of the Ministry of Employment and Labor.
(4) If a specialized safety management institution or specialized health management institution falls under any of the following, the Minister of Employment and Labor may revoke its designation or order it to suspend its business for a specified period not exceeding six months; provided, in cases falling under subparagraph 1 or 2, its designation shall be revoked:
1. Where it is designated by fraud or other improper means;
2. Where he or she performs his or her business during a period of suspension of business;
3. Where it ceases to meet any of the requirements for designation prescribed in paragraph (1);
4. Where it performs any of its business violating any of the terms and conditions of designation;
5. Where any other ground prescribed by Presidential Decree exists.
(5) No person whose designation is revoked under paragraph (4) shall be designated as a specialized safety management institution or specialized health management institution for two years from the date of such revocation.