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Amendment and Implementation of the Detailed Standards for Imposing Fines under the Fair Labeling and Advertising Act Revision of standards for calculating related sales revenue and fixed fines, differentiation between investigation and deliberation cooperation, and enhancement of mitigation requirements -The Korea Fair Trade Commission (hereinafter referred to as “KFTC”) has revised the Detailed Standards for Imposing Fines on Violators of the Fair Labeling and Advertising Act (hereinafter referred to as the ".. 2025. 1. 2.
Finalization of Korean Air-Asiana Airlines Merger Review Consideration of foreign reviews and post-COVID stabilization leads to revisions in remedial measures.Plan to closely monitor the implementation of remedial measures, including mileage programs and airfare, to prevent consumer harm.The Korea Fair Trade Commission (hereinafter referred to as the “KFTC”) has decided to revise and specify parts of the remedial measures related to the merger between.. 2024. 12. 16.
KFTC Attends the 26th Korea-Japan Competition Policy Meeting(2024.11.21) - Discussions on major competition policies, legal frameworks, and case handling in the digital sector with Japanese competition authorities - Han Ki-jeong, Chair of the Korea Fair Trade Commission (KFTC), attended the 26th Korea-Japan Competition Policy Meeting held in Tokyo, Japan, on Thursday, November 21. During the meeting, Chair Han met with Kazuyuki Furuya, Chair of Japan’s Fair Trade Com.. 2024. 11. 25.
Increased Risks Found in Electronics and Children's Products Purchased Through Cross-Border Shopping(2024.11.20) Caution Needed When Buying Products Online – 1,915 Hazardous Items Blocked on AliExpress and TemuThe Korea Fair Trade Commission (Chairman Han Ki-jeong, hereafter referred to as "KFTC") and the Korea Consumer Agency (President Yoon Soo-hyun, hereafter referred to as "KCA") have analyzed cases of hazardous products blocked on international online platforms AliExpress and Temu. The findings show a.. 2024. 11. 25.
Unfair Terms in AliExpress and Temu Contracts Rectified(2024.11.20) 47 Unfair Contract Terms (13 Categories) Corrected, Including Liability Waivers and Improper Use of Personal InformationEnhancing Consumer Protection Ahead of Black Friday, the Peak Overseas Direct Shopping SeasonThe Korea Fair Trade Commission (KFTC) has reviewed the terms and conditions of AliExpress and Temu, identifying and rectifying 47 unfair clauses across 13 categories. These included te.. 2024. 11. 25.
Kiturami and Kiturami Holdings Sanctioned for Sharing SME Technical Data with Chinese Companies(2024.11.18) Penalized for Illegally Providing Subcontractor Technical Data to Third Parties to Cut Costs -The Korea Fair Trade Commission (hereinafter referred to as the KFTC) has uncovered violations of the Fair Transactions in Subcontracting Act (hereinafter referred to as the Subcontracting Act) by Kiturami Co., Ltd. and Kiturami Holdings Co., Ltd. for their misappropriation of technical data. The KFTC h.. 2024. 11. 25.
Disclosure of Sponsored Content in Blog Titles or at the Beginning(2024.11.15) Revised Guidelines for Endorsements and Testimonials to Take Effect on December 1 The Korea Fair Trade Commission (hereinafter referred to as KFTC) will implement the revised Guidelines for the Review of Labeling and Advertising of Endorsements and Testimonials (hereinafter referred to as the Guidelines) starting December 1. These revisions aim to improve disclosure practices for economic relati.. 2024. 11. 25.
Korea Fair Trade Commission and Korea Trade-Investment Promotion Agency (KOTRA) Join Hands for Domestic Companies Expanding Overseas(2024.11.4) Signing of an MOU to Support Fair Trade for Overseas-Expanding Domestic Companies -On November 4 (Monday), the Korea Fair Trade Commission (Chairman Han Ki-jeong, hereinafter referred to as the "KFTC") and the Korea Trade-Investment Promotion Agency (CEO Yu Jeong-yeol, hereinafter "KOTRA") signed a memorandum of understanding (MOU) to support fair trade for domestic companies expanding abroad. T.. 2024. 11. 7.
Delivery Platform Partner Company Cooperation Council, 9th Meeting Held(2024. 10. 30) Consensus reached on direction for items other than commission issuesAdditional discussions on commission and measures to alleviate partner company burdens to be held at the next meetingThe 9th meeting of the "Delivery Platform-Partner Company Cooperation Council" (hereinafter referred to as the "Cooperation Council," chaired by Professor Lee Jeong-hee) was held on October 30 (Wednesday) at 2:30.. 2024. 11. 5.
The 2nd Korea-ASEAN-CIS Competition Authorities Consultation Meeting Held(2024.10.29) Senior Officials from Korea, ASEAN, and CIS Competition Authorities Discuss Recent Trends in Competition Policy and Law Enforcement, as well as Measures for Fostering a Fair Competition Ecosystem in the Digital AgeDate and Venue: October 29, 2024 (Tuesday) 09:25-12:25, Grand Intercontinental Parnas HotelKey Attendees: Korea Fair Trade Commission, Armenia’s Competition Protection Commission, Mala.. 2024. 10. 31.
Camping Site Photos That Mislead Campers, Reservation platforms are taking direct control(2024.10.29) 121 unfair terms and conditions (11 types) have been corrected, including extensive liability exemptions for businesses on camping reservation platforms Strengthening the responsibility and role of platforms to improve the rights and interests of 5 million campers The Korea Fair Trade Commission (KFTC) reviewed the terms and conditions of five major camping reservation platforms and the reservat.. 2024. 10. 30.
Sanctions on Korea Papa John's Co., Ltd. for Forcing Essential Purchases and Shifting Store Remodeling Costs onto Franchisees(2024. 10. 24) Requiring purchases of hand sanitizers and other items solely from the franchisor and not covering the franchisor's portion of remodeling costs; corrective orders and fines imposed -The Korea Fair Trade Commission (hereinafter referred to as the "FTC") has decided to issue corrective orders and impose a fine (1.48 billion KRW) on Korea Papa John's Co., Ltd. (hereinafter "Papa John's"), the franc.. 2024. 10. 29.