Fair Trade Commission Hosts National Contest and Public-Private Academic Conference to Commemorate 40th Anniversary of Consumer Basic Act
[Asia Economy Reporter Moon Chaeseok] The Fair Trade Commission announced on the 2nd that it plans to hold this year's national consumer policy idea contest and a public-private joint academic conference to commemorate the 40th anniversary of the enactment of the Consumer Basic Act on the 4th.
According to the Fair Trade Commission, the "Consumer Protection Act" was designated on January 4, 1980. It was the result of legislative efforts by consumer organizations and the government in response to social demands for enacting laws to protect consumers.
Since then, there have been a complete revision to the "Consumer Basic Act," transfer of jurisdiction to the Fair Trade Commission, and elevation of the Consumer Policy Committee's status under the Prime Minister.
After 23 amendments, related consumer laws such as the "Act on Fair Labeling and Advertising" were established, and the 40th anniversary of the law's enactment will be marked on the 4th.
Accordingly, the Fair Trade Commission plans to make this year a year to actively strengthen its role in Consumer Advocacy. This means activities aimed at spreading consumer-centric principles throughout society.
This year, the Fair Trade Commission plans to carry out various activities to transform all market economy actors, including markets, companies, and the government, into consumer-centric and consumer-oriented entities.
From the 6th of this month to the 6th of next month, a national consumer policy idea contest will be held.
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Subsequently, various commemorative projects will be promoted, including a public-private joint academic conference, establishment of a comprehensive consumer basic plan involving all ministries, publication of the 40-year history of the Consumer Basic Act, an award ceremony for companies' Consumer-Centered Management (CCM), and expanded events for Consumer Day.
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