Republic of Korea: Issued ruling in Korea Fair Trade Commission Investigation into Eduwill
Description
Issued ruling in Korea Fair Trade Commission Investigation into Eduwill
On 4 July 2024, the Korean Fair Trade Commission (KFTC) imposed corrective measures and penalties against Eduwill for violating the Electronic Commerce Act. The KFTC found that Eduwill advertised online lecture products as discounted for a limited period although the discounts continued to be advertised after the announced deadline. As a result, the KFTC imposed a KRW 5 million fine on Eduhill.
Original sourceScope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority