(1) Where a specialized agency under Article 58 (2) falls under subparagraph 1, the Commissioner of the Korean Intellectual Property Office shall revoke the registration of the specialized agency, while he or she may revoke the registration of the specialized agency or may order it to completely or partially suspend its business operations for a specified period not exceeding six months, if it falls under subparagraph 2 or 3: <Amended on Feb. 29, 2016; Dec. 2, 2016; Apr. 17, 2018>
1. Where he or she registers business by fraud or other improper means;
2. Where the specialized agency fails to meet the criteria to be registered under Article 58 (5);
3. Where any executive officer or employee of the specialized agency divulges or misappropriates confidential information he or she obtained in the course of his or her duties with regard to an invention claimed in a pending patent application (including an invention claimed in a pending international patent application).
(2) The Commissioner of the Korean Intellectual Property Office shall hold a hearing before revoking the registration of a specialized agency or ordering the suspension of business operations under paragraph (1). <Amended on Dec. 2, 2016>
(3) Detailed guidelines and procedures for the dispositions referred to in paragraph (1), and other necessary matters shall be prescribed by Ordinance of the Ministry of Trade, Industry and Energy.[This Article Wholly Amended on Jun. 11, 2014][Title Amended on Dec. 2, 2016]