The Era of 3.6 Trillion Won in Overseas Direct Purchases... Government Provides Integrated Overseas Recall Information

Ministry of Industry, Fair Trade Commission, and MFDS Provide Overseas Recall Information on 'Happy Dream'
"Increase in Non-Face-to-Face Transactions Due to COVID-19... Rational Consumption Up Through Overseas Direct Purchase Recall Information"

[Asia Economy Reporter Moon Chaeseok] Overseas recall information, which had been provided separately by government ministries and agencies, will be collectively available on a platform called 'Haengbok Dream Open Consumer Portal' starting from the 24th.

On the 23rd, the Ministry of Trade, Industry and Energy's National Institute of Technology and Standards, the Fair Trade Commission, the Ministry of Food and Drug Safety, and the Korea Consumer Agency announced that overseas recall information will be posted on Haengbok Dream.

Overseas recall information refers to recall details from the manufacturing and sales countries of products that domestic consumers may purchase or consume through overseas direct purchase.

According to the government, the number of overseas recall information cases provided was 976 in 2017, 3,386 in 2018, and 1,901 last year.

As COVID-19 spread and non-face-to-face transactions expanded, overseas direct purchases have continuously increased, making the integrated management of recall information increasingly important.

According to Statistics Korea's 'Online Shopping Trend Survey,' the scale of overseas direct purchases steadily expanded from 2.2435 trillion KRW in 2017 to 2.9717 trillion KRW in 2018, and 3.636 trillion KRW last year.

Despite this situation, electrical and household goods and children's products had been provided through the National Institute of Technology and Standards' 'Product Safety Information Center,' food through the Ministry of Food and Drug Safety's 'Food Safety Korea,' and furniture, accessories, and other products through the Fair Trade Commission's 'Haengbok Dream' and the Consumer Agency's 'Consumer Harm Monitoring System,' respectively.

The government expects that consumers will be able to easily check recall information, making it much easier to prevent consumer damage.

In particular, as non-face-to-face transactions expand due to COVID-19 and overseas direct purchases increase, Haengbok Dream is expected to help promote rational consumption.

This content was produced with the assistance of AI translation services.