「TELECOMMUNICATIONS BUSINESS ACT」 1. A telecommunications business operator prescribed by Presidential Decree, for whom the imposition of obligations under paragraph (1) is deemed inadequate in consideration of the nature of telecommunications services; 2. A telecommunications business operator whose telecommunications service sales do not exceed an amount determined by Presidential Decree within 1/100 of the total telecommunications service sales of all telecommunications business operators. (3) Details of universal service shall be determined by Presidential Decree in consideration of the following matters: 1. Level of the development of information and communications technology; 2. Level of the dissemination of telecommunications services; 3. Public interest and safety; 4. Promotion of social welfare; 5. Acceleration of informatization. (4) In order to provide universal service in an efficient and stable manner, the Minister of Science and ICT may designate a telecommunications business operator who provides universal service, in accordance with the standards and procedures prescribed by Presidential Decree, by taking into account the scope and quality of and fees for universal service, and the technical capability of the telecommunications business operator. <Amended on Mar. 23, 2013; Jul. 26, 2017> (5) The Minister of Science and ICT may distribute the burden of compensation for losses incurred by providing universal service to telecommunications business operators, based on their sales, in accordance with methods and procedures prescribed by Presidential Decree. <Amended on Mar. 23, 2013; Jul. 26, 2017> (6) The Minister of Science and ICT may establish and operate an electronic information system (hereinafter referred to as "electronic information system") that can efficiently manage and utilize information related to universal service. <Newly Inserted on Oct. 19, 2021> (7) The Minister of Science and ICT may entrust affairs concerning the establishment and operation of the electronic information system to an institution prescribed by Presidential Decree. <Newly Inserted on Oct. 19, 2021> (8) Matters necessary for the establishment and operation of an electronic information system and the processing of information, etc. shall be prescribed by Presidential Decree. <Newly Inserted on Oct. 19, 2021> 법제처 4 국가법령정보센터