「TELECOMMUNICATIONS BUSINESS ACT」 Aug. 13, 2013> (2) The chairperson of the Committee shall be appointed by the Minister of Science and ICT from among the Vice Ministers of the Science of ICT, and its members shall be commissioned by the chairperson from among public officials of Grade III of the relevant central administrative agencies prescribed by Presidential Decree, members in general service of the Senior Executive Service, and any of the following persons: <Amended on Mar. 23, 2013; Jul. 26, 2017> 1. Persons who have extensive knowledge and career backgrounds in information and communications; 2. Persons recommended by Government-funded research institutes which are related to the national security, public safety, or maintenance of order; 3. Persons recommended by nonprofit, non-governmental organizations referred to in Article 2 of the Assistance for Non-Profit, Non-Governmental Organizations Act; 4. Other persons deemed necessary by the chairperson. (3) The Committee may conduct investigations necessary for the public interest test, or request an interested party or a reference witness to provide necessary data. In such cases, the relevant interested party or reference witness shall comply with such request, without good cause. (4) Where deemed necessary, the Committee may require an interested party or a reference witness to appear at a Committee meeting and state his or her opinions. In such cases, the relevant interested party or reference witness shall appear at a Committee meeting, without good cause. (5) Matters necessary for the organization, operation, etc. of the Committee shall be prescribed by Presidential Decree. Article 12 (Restrictions on Shareholders Holding Excess Shares) (1) Where a foreign government or a foreign person has acquired shares, in violation of Article 8 (1), such government or person shall not exercise the voting rights for the excess shares. (2) The Minister of Science and ICT may order a shareholder who has acquired shares, in violation of Article 8 (1); a facilities-based telecommunications business operator, the shares of which are held by such shareholder; or such shareholder of a corporation deemed a foreign person to correct the violation within a specified period of up to six months. <Amended on Mar. 23, 2013; Jul. 26, 2017> 법제처 13 국가법령정보센 터