Republic of Korea: Introduced amendment to Telecommunications Business Act including requirement to appoint local representative
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Description
Introduced amendment to Telecommunications Business Act including requirement to appoint local representative
On 7 May 2020, Bill No. 2024959, outlining amendments to Telecommunications Business Act, was introduced in the National Assembly of South Korea. The Bill would require foreign communications network providers (CNP) and value-added telecommunications service providers (VSP) that reach a specific threshold of users and traffic generated to appoint a local representative, "domestic agents." The specific obligations and the thresholds will be established through a Presidential Decree.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Local operations requirement
Regulated Economic Activity
infrastructure provider: internet and telecom services
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2020-05-07
under deliberation
2020-05-20
adopted
2020-06-09
adopted