Republic of Korea: Korea Fair Trade Commission imposed corrective order and a fine on Cog Co. over violations of Electronic Commerce Act
Description
Korea Fair Trade Commission imposed corrective order and a fine on Cog Co. over violations of Electronic Commerce Act
On 14 April 2025, the Korea Fair Trade Commission (KFTC) imposed corrective measures and a fine of KRW 36 million on Cog Co. for violating the Electronic Commerce Act by misleading consumers regarding the probability-based item "Seal Release Scroll"…
Scope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
software provider: app stores, software provider: other software
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority