Republic of Korea: 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 Bill would make bulk amendments to individual acts under the jurisdiction of the Fair Trade Commission and the Anti-Corruption and Civil Rights Commission concerning compulsory performance fines. The objective of the Bill is to ensure consistency and equity in the administrative law framework following the enactment of the Administrative Framework Act. The Bill would delete overlapping compulsory performance fine provisions from the following acts and would newly establish provisions clarifying the relationship of application between the Administrative Framework Act and each act: the Act on the Fairness of Franchise Business Transactions, the Public Interest Whistleblower Protection Act, the Act on the Fairness of Transactions in Large-Scale Retail Business, the Act on the Fairness of Agency Business Transactions, the Monopoly Regulation and Fair Trade Act, the Act on Door-to-Door Sales, Etc., the Act on the Prohibition of Improper Solicitation and Graft, the Act on the Prevention of Corruption and the Establishment and Operation of the Anti-Corruption and Civil Rights Commission, the Act on the Fairness of Labelling and Advertising, and the Subcontracting Transactions Fairness Act. The Bill would enter into force on the date of its promulgation.