(1) Where the holder of an international registration through which the Republic of Korea has been designated as a designated country (including subsequent designation) is disqualified as an applicant pursuant to Article 15 (5) (b) of the Madrid Protocol, the holder of the relevant international registration may file an application for trademark registration on all or some of the internationally registered designated goods with the Commissioner of the Intellectual Property Office.
(2) Article 205 (2) and (3) shall apply mutatis mutandis to an application for trademark registration under paragraph (1). In such cases, "within three months from the expiration date of the international registration under the same paragraph" in Article 205 (2) 1 shall be construed as "within two years from the date the effect of abrogation occurs pursuant to Article 15 (3) of the Madrid Protocol".