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

On 21 January 2025, the Amendment of Act on Fairness of Franchise Business Transactions and 10 Other Acts to Reorganise Compulsory Performance Fine Provisions (Act No. 20712) was promulgated and entered into force. The Amendment deleted overlapping compulsory performance fine provisions from the Act on Fairness of Franchise Business Transactions, the Public Interest Whistleblower Protection Act, the Act on Fairness of Transactions in Large-Scale Retail Business, the Act on Fairness of Agency Business Transactions, the Monopoly Regulation and Fair Trade Act, the Act on Door-to-Door Sales, Etc., the Act on Prohibition of Improper Solicitation and Graft, the Act on Prevention of Corruption and the Establishment and Operation of the Anti-Corruption and Civil Rights Commission, the Act on Fairness of Labelling and Advertising, and the Subcontracting Transactions Fairness Act, and newly established provisions clarifying the relationship of application between the Administrative Framework Act and each act.