(1) Where a specialized institution under Article 51 (2) falls under subparagraph 1, the Commissioner of the Korean Intellectual Property Office shall revoke the registration thereof; and where it falls under subparagraph 2, he or she may revoke the registration thereof or order it to suspend its business for a fixed period not exceeding six months: <Amended on Jan. 8, 2019>
1. Where it is registered by fraud or other improper means;
2. Where it fails to meet the criteria for registration under Article 51 (6).
(2) Where the Commissioner of the Korean Intellectual Property Office intends to revoke the registration of a specialized institution or order it to suspend its business pursuant to paragraph (1), he or she shall hold hearings. <Amended on Jan. 8, 2019>
(3) Matters necessary for criteria, procedures, etc. for taking administrative measures under paragraph (1) shall be prescribed by Ordinance of the Ministry of Trade, Industry and Energy.[Title Amended on Jan. 8, 2019]