「TELECOMMUNICATIONS BUSINESS ACT」 Jul. 26, 2017; Dec. 24, 2018; Jan. 3, 2023> 1. A person who acquires the relevant business; 2. A corporation that survives the merger or is established following the merger; 3. A person who inherits the relevant business. Article 25 (Succession to Business) Where any person transfers or acquires the value-added telecommunications business, a corporate value-added telecommunications business operator merges with another corporation, or any person inherits the value-added telecommunications business, pursuant to Article 24, any of the following persons shall succeed to the status of the preceding value-added telecommunications business operator: <Amended on Dec. 24, 2018> 1. A person who acquires the relevant business; 2. A corporation that survives the merger or is established following the merger; 3. A person who inherits the relevant business. Article 26 (Suspension or Closure of Business) (1) Where a value-added telecommunications business operator intends to fully or partially suspend or close his or her business, he or she shall notify users of the relevant telecommunications services of such business suspension or closure, and shall report (including cases of reporting through information and telecommunications networks) thereon to the Minister of Science and ICT no later than 30 days prior to the scheduled date of such suspension or discontinuation. In such cases, the duration of business suspension shall not exceed one year. <Amended on Mar. 23, 2013; Jul. 26, 2017; Dec. 24, 2018; Jun. 9, 2020> (2) Where a corporate value-added telecommunications business operator is dissolved for a reason other than a merger, the relevant liquidator (referring to the trustee in bankruptcy, where such corporate business operator is dissolved by bankruptcy) shall report thereon (including cases of reporting through information and telecommunications networks) to the Minister of Science and ICT without delay. <Amended on Mar. 23, 2013; Jul. 26, 2017; Dec. 24, 2018> [Title Amended on Jun. 9, 2020] Article 27 (Revocation of Business Registration and Order to Close Business) (1) Where a value-added telecommunications business operator falls under any of the following, the Minister of Science and ICT may order him or her to fully or partially close his or her 법제처 30 국가법령정보센 터