Republic of Korea: Signed Bill no. 2123203 amending the Basic Consumer Act (Law no. 20301)
Description
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…
Scope
Policy Area
Competition
Policy Instrument
Competition authority governance
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2023-07-12
under deliberation
2024-01-25
adopted
2024-02-13
adopted