Regulations for the Establishment of Radio Broadcasting Enterprises Article 41

Where nominated bidders of nationwide radio broadcasting enterprise and regional radio broadcasting enterprise fail to complete the establishment and acquire the station operating license by a prescribed deadline, they shall apply for an extension within a one-month period at three months prior to the expiry date with reasons specified. The extension, which initiates only upon receipt of regulatory agency’s approval, shall not exceed a year and is limited to one time only. Where the regulatory agency deems that the reason for extension is not related to the construction or is unnecessary, the application may be rejected.Nominated bidder of community radio broadcasting enterprise is not eligible to apply for an extension of establishment permit.In the case where the nominated bidder fails to complete the establishment as regulated, the regulatory agency may abolish its nomination qualification, establishment permit, station installation permit, station license, station operating license and allotted frequency.Where a nominated bidder fails to complete the establishment before the permit expiration, the regulatory agency will not return the performance bond or it shall inform the guarantee bank to fulfill its payout guarantee liability. Where the performance bond is already reimbursed or the guarantee bank is notified to cancel the payout guarantee liability, the regulatory agency may request for retroactive recuperation