「TELECOMMUNICATIONS BUSINESS ACT」 government or a person of a foreign country that is a member of the Convention on the Organization for Economic Cooperation and Development) holds or acquires the issued shares of any of the following facilities-based telecommunications business operators, such corporation shall be deemed a foreign person: <Newly Inserted on Jun. 10, 2022> 1. A facilities-based telecommunications business operator that falls under any of Article 10 (6) 1 through 3 as of January 1, 2021; 2. A facilities-based telecommunications business operator that is a subsidiary referred to in Article 342-2 of the Commercial Act and has succeeded to the rights and obligations of a facilities-based telecommunications business operator prescribed in subparagraph 1; 3. Other facilities-based telecommunications business operators determined and publicly notified by the Minister of Science and ICT that have succeeded to the rights and obligations of a facilities-based telecommunications business operator referred to in subparagraph 1 or 2 through the acquisition of the facilities-based telecommunications business or merger with the relevant corporation or by any other means. Article 9 (Grounds for Disqualification as Executive Officers) (1) Any of the following persons shall be disqualified as an executive officer of any facilities-based telecommunications business operator under Article 8 (1): <Amended on Oct. 15, 2014; Dec. 24, 2018; Jun. 9, 2020> 1. A minor or a person under adult guardianship; 2. A person declared bankrupt but not yet reinstated; 3. A person in whose case three years have not passed since he or she had been sentenced to imprisonment without labor or heavier punishment for violating this Act, the Framework Act on Telecommunications, the Radio Waves Act, or the Act on Promotion of Information and Communications Network Utilization and Information Protection (excluding matters not directly related to telecommunications business; hereinafter referred to as "this Act, etc."); and the execution of the punishment was completed (including cases where the execution is deemed completed) or he or she was exempt from the enforcement of the sentence; 4. A person who was sentenced to a suspended execution of imprisonment without labor or heavier punishment for violating this Act, etc. and is still under the period of suspension; 법제처 9 국가법령정보센터