**Exhibit 15.1**

**THE FRAMEWORK ACT ON TELECOMMUNICATIONS**

Amended by Act No. 10393 of July. 23, 2010,effective January 24, 2011 

CHAPTER I GENERAL PROVISIONS 

Article 1 (Purpose) 

The purpose of this Act is to contribute to the enhancementof the public welfare by managing telecommunications efficiently and stimulating the development of telecommunications by providing basic matters on telecommunications. 

Article 2 (Definitions) 

The definitions of the terms as used in this Act shallbe as follows: 

1. The term “telecommunications” means transmission or reception of code, words, sound or imagethrough wired, wireless, optic, and other electro-magnetic processes; 

2. The term “telecommunications facilities andequipment” means machinery, appliances, lines for telecommunications, and other facilities necessary for telecommunications; 

3. The term “telecommunications line facilities and equipment” means the facilities and equipment which constitute communications channels between sending and receiving points fortelecommunications among the telecommunications facilities and equipment, and the transmission and line facilities and equipment, with the exchange facilities installed as one body of the transmission and line facilities, and all facilities attachedthereto; 

4. The term “telecommunications business facilities and equipment” means thetelecommunications facilities and equipment to be provided for telecommunications businesses; 

5. The term “privatetelecommunications facilities and equipment” means the telecommunications facilities and equipment other than the telecommunications business facilities and equipment, installed by an individual to be used for his own telecommunications;

6. The term “telecommunications equipments” means apparatus, machinery, parts or line equipments, etc. used by thetelecommunications facilities and equipment; 

7. The term “telecommunications service” means services that mediate athird party’s communication through the telecommunications facilities and equipment or to provide the telecommunications facilities and equipment for the third party’s telecommunications; and 

8. The term “telecommunications business” means a business that provides telecommunications services. 

Article 3 (Supervision of Telecommunications) 

The matters concerning telecommunications shall be governed by the Korea Communications Commission, except the ones stipulated specifically by this Act or other Acts. <Amended by Act No. 5219,Dec. 30, 1996; Amended by Act No. 8867, Feb. 29, 2008> 

Article 4 (Government Policies) 

The Korea Communications Commission shall devise basic and comprehensive government policies concerning telecommunications to attain thepurpose of this Act. <Amended by Act No. 5219, Dec. 30, 1996 ;Amended by Act No. 8867, Feb. 29, 2008> 

 
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Article 5 (Establishment of Basic Telecommunications Plans) 

(1) The Korea Communications Commission shall establish and publicly notify basic telecommunications plans (hereinafter referred to asthe “basic plan”) for smooth development of telecommunications and the promotion of the information society. <Amended by Act No. 5219, Dec. 30, 1996; Amended by Act No. 8867, Feb.29, 2008> 

(2) The following matters shall be included in the basic plan of paragraph (1): 

1. Matters concerning utilization efficiency of telecommunications; 

2. Matters concerning maintenance of telecommunications order; 

3. Matters concerning telecommunications business; 

4. Matters concerningtelecommunications facilities and equipment; 

5. Matters concerning promotion of telecommunications technology (includingtechnology about telecommunications construction; hereinafter the same shall apply); and 

6. Other basic matters concerningtelecommunications. 

(3) The Korea Communications Commission shall consult in advance with the heads of administrativeagencies concerned, when establishing the basic plan for the matters of paragraph (2) 4 and 5 of this Article. <Amended by Act No. 5219, Dec. 30, 1996;Amended by Act No. 8867, Feb. 29, 2008> 

Article 6 Deleted <by Act No. 9701, May. 21, 2009> 

Article 7 (Classification of Telecommunications Business Operator) 

Thetelecommunications business operator shall be classified as the key communications business operator, the special communications business operator and the value-added communications business operator pursuant to the Telecommunications Business Act.<Amended by Act No. 5385, Aug. 28, 1997> 

 
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[This Article Wholly Amended by Act No. 4905, Jan. 5, 1995] 

CHAPTER II Deleted<by Act No. 9708, May. 22, 2009> 

Article 8, 9, 10, 11, 12 and 13 Deleted<by Act No. 9708, May. 22, 2009> 

Articles 14and 15 Deleted. <by Act No. 5219, Dec. 30, 1996> 

Article 15-2 Deleted. <by Act No. 5733, Jan. 29, 1999> 

CHAPTER III Deleted. <by Act No. 10166, March. 22, 2010> 

SECTION 1 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 16 Deleted. <by ActNo. 10166, March. 22, 2010> 

Article 17 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 18 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 19 Deleted. <by Act No. 5219, Dec. 30, 1996> 

SECTION 2 Deleted. <by ActNo. 10166, March. 22, 2010> 

Article 20 Deleted. <by Act No. 10166, March. 22, 2010> 

 
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Article 21 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 22 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 23 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 24 Deleted. <byAct No. 10166, March. 22, 2010> 

SECTION 3 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 25 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 26 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 27 Deleted. <byAct No. 10165, March. 22, 2010> 

Article 28 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 29 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 30 Deleted. <by Act No. 10165, March. 22, 2010> 

 

 
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SECTION 4 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 30-2 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 30-3 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 30-4 Deleted.<by Act No. 6823, Dec. 26, 2002> 

Article 31 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 32 Deleted. <by Act No. 10166, March. 22, 2010> 

CHAPTER IV MANAGEMENT OF TELECOMMUNICATIONS EQUIPMENTS 

Article 33 Deleted. <by ActNo. 10393, July. 23, 2010> 

Article 33-2 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 33-3 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 34 Deleted. <by Act No. 6231, Jan. 28, 2000> 

Article 34-2 Deleted. <by ActNo. 10393, July. 23, 2010> 

Article 35 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 36 Deleted. <by Act No. 10393, July. 23, 2010> 

 
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CHAPTER V. Deleted. <by Act No. 10166, March. 22, 2010> 

Article 37 Deleted <by Act No. 8867, Feb. 29, 2008> 

Article 38 Deleted <by Act No. 8867, Feb. 29, 2008> 

Article 39 Deleted <by ActNo. 8867, Feb. 29, 2008> 

Article 40 Deleted <by Act No. 8867, Feb. 29, 2008> 

Article 40-2 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 40-3 Deleted. <by Act No. 10166, March. 22, 2010> 

Article 41 Deleted <byAct No. 8867, Feb. 29, 2008> 

Article 42 Deleted <by Act No. 8867, Feb. 29, 2008> 

Article 43 Deleted. <by Act No. 10166, March. 22, 2010> 

 
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Article 44 Deleted <by Act No. 8867, Feb. 29, 2008> 

Article 44-2 Deleted <by Act No. 9481, Mar. 13, 2009> 

CHAPTER V-2 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 44-3 Deleted. <byAct No. 10165, March. 22, 2010> 

Article 44-4 Deleted. <by Act No. 10165, March. 22, 2010> 

Article 44-5 Deleted <by Act No. 9481 of Mar. 13, 2009> 

Article 44-6 Deleted <by Act No. 9481 of Mar. 13, 2009> 

Article 44-7 Deleted. <byAct No. 10165, March. 22, 2010> 

Article 44-8 Deleted. <by Act No. 10165, March. 22, 2010> 

CHAPTER VI SUPPLEMENTARY PROVISIONS 

Article 45Deleted. <by Act No. 10165, March. 22, 2010> 

Article 45-2 Deleted. <by Act No. 10393, July. 23, 2010> 

 
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Article 46 (Delegation and Entrustment of Authority) 

(1) Part of the authority of the Minister of Knowledge Economy and the Korea Communications Commission under this Act may be delegated orcommissioned to the head of the related agencies or of the Korea Post under the conditions as prescribed by the Enforcement Decree. <Amended by Act No. 5219, Dec. 30, 1996; Act No. 8867, Feb. 29, 2008> 

(2) Deleted. <by Act No. 10165, March. 22, 2010> 

CHAPTER VII PENAL PROVISIONS 

Article 47 (Penal Provisions) 

(1) A person who has publicly made a false communication over the telecommunications facilities and equipment for the purpose of harmingthe public interest shall be punished by imprisonment for not more than five years or by a fine not exceeding fifty million won. <Amended by Act No. 5219, Dec. 30, 1996> 

(2) A person who has publicly made a false communication over the telecommunications facilities and equipment for the purpose ofbenefiting himself or the third party or inflicting damages on the third party shall be punished by imprisonment for not more than three years or by a fine not exceeding thirty million won. <Amended by Act No. 5219, Dec. 30, 1996>

(3) In case where the false communication under paragraph (2) is of a telegraphic remittance, it shall be punished byimprisonment for not more than five years or by a fine not exceeding fifty million won. <Amended by Act No. 5219, Dec. 30, 1996> 

(4) When a person engaged in the telecommunications business commits the act under paragraph (1) or (3), he shall be punished by imprisonment for not more than ten years or by a fine not exceeding100 million won, and in case of committing the act under paragraph (2), he shall be punished by imprisonment for not more than five years or by a fine not exceeding fifty million won. <Amended by Act No. 5219, Dec. 30, 1996>

 
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Article 48 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 48-2 Deleted. <by Act No. 6360, Jan. 16, 2001> 

Article 49 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 50 Deleted. <by ActNo. 6231, Jan. 28, 2000> 

Article 51 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 52 Deleted. <by Act No. 10393, July. 23, 2010> 

Article 53 Deleted. <by Act No. 10393, July. 23, 2010> 

Addendum <Act No.10393,July. 23, 2010> (Radio Waves Act) 

Article 1 (Enforcement Date) 

This Act shall be effective 6 months after the date of its announcement. 

Article 2, 3, 4 and 5Deleted 

 
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Article 6 (Amendments to Other Laws) 

(1) The FRAMEWORK ACT ON TELECOMMUNICATIONS shall be partially amended as follow: 

Article 33, 33-2, 34-2, 35, 36, 45-2, 48, 49, 51, 52 and 53 Deleted. 

(2) Deleted. 

Article 7 and 8 Deleted. 

 
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