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Government Agencies Seek to Minimize Consumer Damage from Tmon and WeMakePrice Voucher Incident(2024.8.29) Collecting opinions from 7 major voucher issuers, 4 platform companies, 3 user locations regarding consumer relief measures related to the Tmon and WeMakePrice incident -On August 29 at 10 a.m., the Korea Fair Trade Commission, Ministry of Economy and Finance, Financial Services Commission, and Financial Supervisory Service held a meeting with voucher issuers, platform companies, and user locati.. 2024. 9. 9.
Government Agencies Explore Ways to Minimize Consumer Damage from Travel Products on TMON and Wemakeprice(2024.8.27) Joint meeting held by Ministry of Culture, Sports and Tourism, Fair Trade Commission, and Financial Services CommissionGathering opinions from industries such as travel agencies, credit card companies, and electronic payment service providersOn Tuesday, August 27, in the afternoon, the Ministry of Culture, Sports and Tourism, the Fair Trade Commission, and the Financial Services Commission held .. 2024. 9. 5.
Third Meeting of the Delivery Platform-Merchant Win-Win Council Held(2024.8.27) Discussions on transparency measures for fees and advertising costs, improvement of unfair practices, and establishment of a permanent council to create a foundation for win-win cooperation. Public delivery app ‘Meokkebi’ also participated in this meeting and proposed measures to promote public delivery apps.The third meeting of the “Delivery Platform-Merchant Win-Win Council” (hereinafter refer.. 2024. 9. 4.
Monitoring the Unsettled Payment Damage from the Wemakeprice and TMON Incidents, E-Commerce System Improvement Measures to be Prepared Soon(2024.8.25) Continuing to Supplement the 1.6 Trillion KRW Liquidity Supply Plan, Including Consideration of Loan Interest Rate ReductionsRapid Identification of Unsettled Payment Damages in Other E-Commerce Companies such as Interpark CommerceSoon to be Prepared: Amendments to the 'Large-Scale Distribution Business Act' and the 'Electronic Financial Transactions Act' to Prevent RecurrenceFirst Vice Minister.. 2024. 8. 27.
Sanctions Imposed for Collusion on University Graduation and Academic Transcript Issuance(2024.8.25) Corrective orders and fines have been imposed on three companies for colluding to set the prices for online certificate issuance fees and issuance machine prices, as well as restricting each other from soliciting business from other companies' clients. -The Korea Fair Trade Commission (KFTC) has decided to impose corrective orders and a total fine of 1.162 billion KRW on three companies* that we.. 2024. 8. 26.
Administrative Notice of the Amendment to the Review Guidelines on Recommendations and Endorsements(2024.8.20) Improvement of Disclosure Methods for Economic Interests in Blogs and Other Platforms -Inclusion of Recently Popular SNS Advertising Types in the Disclosure Targets for Economic Interests -The Korea Fair Trade Commission (hereinafter referred to as the "KFTC") has issued an administrative notice regarding the amendment to the "Review Guidelines on the Labeling and Advertising of Recommendations .. 2024. 8. 20.
Amendment to the 'E-Commerce Act' Passes Cabinet Meeting(2024.8.19) Strengthening consumer protection obligations by mandating the designation of a domestic representative for foreign businesses -Introducing a consent decree system in the E-Commerce Act to promptly address consumer harm -The Korea Fair Trade Commission (hereinafter 'KFTC') announced that the amendment to the "Act on Consumer Protection in Electronic Commerce" (hereinafter the 'E-Commerce Act') p.. 2024. 8. 19.
Sanctions on CJ Freshway Inc., part of the CJ Group, for large-scale unfair labor support(2024.8.13) Sanctions on large corporations for encroaching on small businesses and neighborhood markets under the guise of coexistence -The largest ever case of labor support involving 221 people, spanning 12 years and 8 months, with a cost of 33.4 billion KRW -The Korea Fair Trade Commission (hereinafter referred to as the "FTC") has decided to impose corrective orders and a fine of 24.5 billion KRW (prov.. 2024. 8. 16.
Sanctions on Four Idol Merchandise Sellers, Including Weverse Company, for Obstructing Withdrawal of Subscription(2024.8.11) - Corrective Orders and Fines Imposed for Actions Such as Shortening Withdrawal Periods and Restricting Returns of Defective Products - The Korea Fair Trade Commission (hereinafter referred to as 'KFTC') has decided to issue corrective orders, warnings, and impose fines totaling 10.5 million won on four idol merchandise sellers, including Weverse Company, for violating the "Act on the Consumer P.. 2024. 8. 14.
Advanced Merger Notification and Review System to be Implemented from August 7(2024.8.6) - Companies can now submit remedies to address potential antitrust concerns --Exemption from merger notification for PEF establishment and other cases with low competitive concerns - Starting August 7, companies involved in mergers will be able to submit remedies to address potential antitrust concerns, which the Korea Fair Trade Commission (hereinafter referred to as the "KFTC") can consider wh.. 2024. 8. 12.
South Korea's Fair Trade Commission Conducts AI Market Survey(2024.8.1) -Understanding the Transaction Relationships and Competition Status Among Major Domestic and International Generative AI Businesses - Starting from August 1, the Korea Fair Trade Commission (hereinafter referred to as 'FTC') will commence a survey of the AI (Artificial Intelligence) market, targeting major domestic and international businesses in the field. The rapid advancement of generative AI.. 2024. 8. 8.
Launch of the Delivery Platform-Partner Business Win-Win Council(2024.7.23) Discussion on alleviating the burden on small business owners according to the "Comprehensive Measures for Small Business Owners and Self-Employed" On Tuesday, July 23, at 2:00 PM, the launch ceremony for the "Delivery Platform-Partner Business Win-Win Council" (hereinafter referred to as the "Win-Win Council") was held in Room 204 of the Government Seoul Office Annex. The launch of the Win-Win .. 2024. 8. 7.

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