Republic of Korea: Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712/Bill No. 2638)

Progress

Current status
in force
21 Jan 2025 in force
27 Dec 2024 adopted
08 Aug 2024 under deliberation

Scope

Implementers
Republic of Korea
Policy Area
Consumer protection
Policy Instrument
Consumer protection authority governance
Regulated Economic Activity
cross-cutting
Government Branch
executive
legislature
Government Body
central government
parliament
Implementation Level
national

Timeline of events

21 Jan 2025
in force

Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712) entered into force

On 21 January 2025, the Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712) was promulgated and entered into force. The Amendment deleted overlapping …

Source
Event type law
Action type implementation
Government branch executive
Government body central government
27 Dec 2024
adopted

National Assembly adopted Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712)

On 27 December 2024, the National Assembly passed the Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712) with amendment. The Amendment deleted overla…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
08 Aug 2024
under deliberation

Bill for Partial Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Bill No. 2638) was introduced to the National Assembly

On 8 August 2024, 14 members of the National Assembly introduced the Bill for Partial Amendment of the Act on the Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Bill No. 2638). The…

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament