Announcement The Ministry of Economy and Finance and the Ministry of Post and Telecommunications

The Ministry of Economy and Finance and the Ministry of Post and Telecommunications would like to inform the public that King Technologies CO., LTD. (Opennet), an Internet Service Provider, has yet to perform its revenue share duty to the state.

The two Ministries decide to allow seven days at most from this announcement date for the company to fulfill its revenue share duty and settle other debts that the Company owes to the state. In the event that King Technologies CO., LTD. (Opennet) continues to avoid settling debts with the state, the two Ministries will impose license suspension of the Company and enforce Article 78 of the Law on Telecommunications as well as impose other measures in accordance with the law and regulations in force.

The Ministry of Economy and Finance and the Ministry of Post and Telecommunications firmly believe in the responsibility of King Technologies CO., LTD. (Opennet) to fulfill its obligation to settle debts with the state by the above-mentioned deadline.

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