「TELECOMMUNICATIONS BUSINESS ACT」 5. A person in whose case one year has not passed since he or she was sentenced to a fine for a violation of this Act, etc.; 6. A person in whose case three years have not passed since he or she became subject to a disposition to fully or partially revoke registration under Article 20 (1) or to an order to fully or partially close business under Article 27 (1). In cases of a corporation, "person" refers to a person who causes the revocation of registration or an order to close the business, and its representative. (2) Where any executive officer falls under any subparagraph of paragraph (1) or is found to fall under any subparagraph of paragraph (1) as at the time he or she is appointed as an executive officer, he or she shall duly resign from office. <Amended on Jun. 9, 2020> (3) No activity in which any executive officer has been involved prior to his or her resignation under paragraph (2) shall lose its legal effects. Article 10 (Public Interest Tests of Acquisition of Shares of Facilities-Based Telecommunications Business Operators) (1) A Public Interest Test Committee (hereinafter referred to as the "Committee") shall be established under the jurisdiction of the Ministry of Science and ICT in order to examine whether any of the following cases impairs public interests prescribed by Presidential Decree (hereinafter referred to as "public interest test"), such as national security, public safety, and maintenance of order: <Amended on Mar. 23, 2013; Aug. 13, 2013; Jul. 26, 2017; Dec. 24, 2018; Oct. 19, 2021; Jun. 10, 2022> 1. Where a person holds at least 15/100 of the total number of the issued shares of a facilities-based telecommunications business operator, including those shares held by affiliated persons defined in subparagraph 6 (a) of Article 2 of the Act on Corporate Governance of Financial Companies (hereinafter referred to as "affiliated persons"); 2. Where the largest shareholder of a facilities-based telecommunications business operator changes; 3. Where a facilities-based telecommunications business operator or any shareholder of a facilities-based telecommunications business operator concludes an agreement with a foreign government or a foreign person on important managerial matters prescribed by Presidential Decree, such as the appointment and dismissal of executive officers of the relevant facilities-based telecommunications business operator, and the transfer or acquisition of business; 법제처 10 국가법령정보센 터

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