SEOUL, June 5 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) announced Wednesday that it will formalize and publicly disclose criteria for identifying online shopping platforms that receive frequent consumer complaints, in a bid to improve transparency and strengthen consumer protection. Under the proposed regulation — titled Rules on Disclosure of Online Retailers with [...]
SEJONG, Nov. 30 (Korea Bizwire) – South Korea’s Fair Trade Commission (FTC) has determined that clauses in the terms of service of certain brands that prohibit individuals from reselling purchased products amount to a violation of consumer rights. On November 29, the FTC announced that it had scrutinized the terms of service of three renowned brands, [...]
SEJONG, Nov. 7 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has launched a fact-finding effort concerning Google’s alleged unfair practices, which include monopolizing the digital advertising market and engaging in ‘gapjil,’ a term referring to an arrogant and authoritarian attitude or actions by individuals or businesses in positions of power. According to industry [...]
SEOUL, April 13 (Korea Bizwire) —Golf courses in South Korea were charging full fees even when games were canceled due to bad weather, but have now revised their consumer terms and conditions after being criticized by the Korea Fair Trade Commission. The commission also ordered golf courses to correct unfair terms such as requiring prior [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s antitrust chief gave a positive assessment of the win-win system with suppliers led by online grocery shopping platform Market Kurly. Joh Sung-wook, the chairperson of the Fair Trade Commission (FTC), met Thursday with representatives of Market Kurly and its suppliers at the company’s logistics center in Seoul’s [...]
SEOUL, Nov. 28 (Korea Bizwire) — Automakers such as Hyundai Motor and Kia Motors are engaged in excessive management interventions, including their involvement in the personnel management of their sales agents. On the other hand, the pharmaceutical industry has seen an increase in the practice of rebates, in which sellers return a share of their [...]
SEJONG, Sept. 10 (Korea Bizwire) — Major South Korean shipbuilders have been accused of not duly paying subcontractors for their works, industry sources said Tuesday. The Fair Trade Commission launched probes into Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. over their alleged failures to pay subcontractors between [...]
SEJONG, May 30 (Korea Bizwire) — Google Inc. has corrected some of its terms of service, South Korea’s antitrust regulator said Thursday, in a move to carry out the world’s first corrective recommendation for the U.S. internet giant. The move came two months after the Fair Trade Commission (FTC) said Google should inform its users [...]
SEJONG, Mar. 14 (Korea Bizwire) — Google Inc. said Thursday that it has decided to voluntarily correct many of its terms of service after South Korea’s antitrust regulator made the world’s first corrective recommendation against the U.S. Internet giant. The Fair Trade Commission (FTC) said Google should inform its users individually of changes to its [...]
SEJONG, Mar. 10 (Korea Bizwire) — Students aged 15 years or younger can take a leading English language proficiency test in South Korea without their parents or guardians being present, the country’s antitrust regulator said Sunday. The Educational Testing Service, a U.S. nonprofit organization that administers and scores the Test of English as a Foreign [...]