Republic of Korea: Law No. 20301 amending Basic Consumer Act
Progress
Scope
Timeline of events
Implemented Law no. 20301 amending the Basic Consumer Act
On 14 August 2024, the Law no. 20301 amending the Basic Consumer Act entered into force. The law empowers the Fair Trade Commission (FTC) to conduct fact-finding surveys and announce the results to promote consumer rights and interests. The FTC can …
Signed Bill no. 2123203 amending the Basic Consumer Act (Law no. 20301)
On 13 February 2024, Bill no. 2123203, amending the Basic Consumer Act (Law no. 20301), was signed into law. The Bill empowers the Fair Trade Commission (FTC) to conduct fact-finding surveys and announce the results to promote consumer rights and in…
Adopted Bill no. 2123203 amending the Basic Consumer Act
On 25 January 2024, the Bill no. 2123203, amending the Basic Consumer Act, was adopted by the National Assembly of South Korea. The Bill empowers the Fair Trade Commission (FTC) to conduct fact-finding surveys and announce the results to promote con…
Introduced Bill no. 2123203 amending the Basic Consumer Act
On 12 July 2023, the Bill no. 2123203, amending the Basic Consumer Act, was introduced in the National Assembly of South Korea. The Bill empowers the Fair Trade Commission (FTC) to conduct fact-finding surveys and announce the results to promote con…