Republic of Korea: National Assembly adopted Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712)

Description

National Assembly adopted Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712)

On 27 December 2024, the National Assembly passed the Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712) with amendment. The Amendment deleted overla…

Scope

Policy Area
Consumer protection
Policy Instrument
Consumer protection authority governance
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2024-08-08
under deliberation

On 8 August 2024, 14 members of the National Assembly introduced the Bill for Partial Amendment of …

2024-12-27
adopted

On 27 December 2024, the National Assembly passed the Amendment of Act on Fairness of Franchise Bus…

2025-01-21
in force

On 21 January 2025, the Amendment of Act on Fairness of Franchise Business Transactions and 10 Othe…