「TELECOMMUNICATIONS BUSINESS ACT」
1. A facilities-based telecommunications business operator who operates and manages
important communications referred to in Article 92 (2) 3;
2. A facilities-based telecommunications business operator who possess an artificial satellite
on which a radio station providing space radio communication services, other than
satellite broadcasting services, among radio stations under Article 20-2 (3) of the Radio
Waves Act, is established;
3. A facilities-based telecommunications business operator designated and publicly notified
by the Minister of Science and ICT as a facilities-based telecommunications business
operator prescribed in Articles 35 (2) 1 and 3, 39 (3), 41 (3), and 42 (3);
4. A facilities-based telecommunications business operator referred to in Article 8 (1) who
provides telecommunications services using the frequency allocated pursuant to the
Radio Waves Act: Provided, That excluded herefrom shall be a facilities-based
telecommunications business operator whose telecommunications service sales of the
preceding year are less than an amount determined by Presidential Decree in
consideration of the market situation, market share, etc.;
5. A facilities-based telecommunications business operator referred to in Article 8 (1)
whose telecommunications service sales exceed an amount publicly notified by the
Minister of Science and ICT in consideration of the market situation, market share, etc.,
from among facilities-based telecommunications business operators whose
telecommunications service sales of the preceding year exceed 30 billion won.
6. A facilities-based telecommunications business operator, where a corporation deemed a
foreign person in relation to a party to a free trade agreement determined and publicly
notified by the Minister of Science and ICT, among bilateral or multilateral free trade
agreements entered into and in effect between the Republic of Korea and foreign
countries, or to a member of the Convention on the Organization for Economic
Cooperation and Development holds more than 49/100 of the total number of the issued
shares of the facilities-based telecommunications business operator under Article 8 (1).
(7) Procedures for reporting required under paragraph (2), public interest tests conducted
under paragraph (3), and other necessary matters shall be prescribed by Presidential
Decree. <Newly Inserted on Aug. 13, 2013>
Article 11 (Organization and Operation of Committee) (1) The Committee shall consist of not
less than five but not more than 15 members, including one chairperson. <Amended on
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