Republic of Korea: Fair Trade Commission imposed fine of KRW 7 million against JB International over deceptive trade practices in used iPhone sales
Description
Fair Trade Commission imposed fine of KRW 7 million against JB International over deceptive trade practices in used iPhone sales
On 26 May 2026, the Fair Trade Commission (FTC) imposed a fine of KRW 7 million against JB International for deceptive trade practices in used iPhone sales. The Commission found that the company operated the virtual marketplace U&i Phone, selling us…
Scope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
competition authority