(1) Within one year commencing on the effective date of this Act, those persons who have filed patent applications on the basis of the Ministerial Decree of 1953 within 10 (ten) years prior to the effective date of this Act may file patent applications based on the provisions of this Act.

(2) If a patent application that has been registered and complies with the provisions referred to in paragraph (1) is not refiled within one year commencing on the effective date of this Act, said patent application shall be deemed to have expired.

(3) The registration of patent applications based on the announcement referred to in paragraph (1) which were filed more than 10 (ten) years before the effective date of this Act are declared to have lapsed.

(4) The provisions of this Act shall apply to patent applications referred to in paragraph (1) and where a patent is granted, the term of patent protection thereof shall be calculated from the date of receipt of the patent application based on said Ministerial Decree.