Republic of Korea: Signed amendment to Telecommunications Business Act including requirement to appoint local representative
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Description
Signed amendment to Telecommunications Business Act including requirement to appoint local representative
On 9 June 2020, Bill No. 2024959, outlining amendments to the Telecommunications Business Act, was signed into Law, becoming Law No. 18869. The Law requires 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. The obligations come into force on 10 December 2020.
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