(1) None of the following matters shall be effective against third parties unless they are registered:
1. Establishment, transfer (excluding transfer by inheritance or other general succession), amendment, extinguishment by abandonment or restrictions on disposition of the exclusive license or the non-exclusive license;
2. Establishment, transfer (excluding transfer by inheritance or other general succession), amendment, extinguishment by abandonment or restrictions on disposition of a pledge, the object of which is to acquire the exclusive license or the non-exclusive license.
(2) Where the exclusive license or the non-exclusive license is registered, it shall also have the effect on any person who acquires the trademark rights or the exclusive license after registration thereof.
(3) In cases of inheritance of or other general succession to the exclusive license, the non-exclusive license and the pledge under the subparagraphs of paragraph (1), the purpose thereof shall be reported to the Commissioner of the Korean Intellectual Property Office without delay.