Korea Fair Trade Commission Archives | Be Korea-savvy
Government Moves to Allow Class-Action Suits for Consumers

Government Moves to Allow Class-Action Suits for Consumers

SEJONG, Feb. 23 (Korea Bizwire) – The South Korean government is expected to adopt a group litigation system for consumers, according to a new report. According to the law enforcement reform task force report published by the Korea Fair Trade Commission (KFTC) on Thursday, the government is on course to allow consumers to file class-action [...]

Fair Trade Commission to Investigate E-cigarette Nicotine Content

Fair Trade Commission to Investigate E-cigarette Nicotine Content

SEJONG, May 29 (Korea Bizwire) — As several electronic cigarettes sold in Korea are reported to contain different nicotine content from what is claimed on the packaging, the Korea Fair Trade Commission (KFTC) is set to investigate whether some companies have made false claims. Kim Hak-Hyeon, vice-commissioner of the KFTC, said on May 28 that [...]

Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal

Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal

SEOUL, Korea, May 1, 2014 (Korea Bizwire) – Wedding halls will now have to break away from the widespread practice of “exploiting” the deposit money even when couples cancel their bookings months before their wedding day. Furthermore, wedding halls are now banned from charging excessive cancellation fees when newlyweds call off the reservation close to the wedding [...]