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

Description

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 …

Scope

Policy Area
Consumer protection
Policy Instrument
Consumer protection authority governance
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government

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…