Party-Government-Cheong Wa Dae "Enactment of Online Platform Fairness Act... Issuance of Local Gift Certificates Worth 30 Trillion Won" (Comprehensive)
On the 31st, Kim Tae-nyeon, floor leader of the Democratic Party of Korea, Cho Sung-wook, chairman of the Fair Trade Commission, and Hwang Deok-soon, senior secretary for jobs at the Blue House, along with other key attendees, are taking a commemorative photo at the 'Party-Government-Blue House Euljiro Livelihood Issues Meeting' held at the National Assembly. Photo by Yoon Dong-joo doso7@
View original image[Asia Economy Reporter Wondara] The Democratic Party of Korea, the government, and the Blue House have agreed to enact the 'Online Platform Fairness Act' by the first half of next year. The legislation is expected to include measures to eradicate unfair practices by delivery app platform operators against small business owners and to establish a foundation for win-win cooperation. They also discussed expanding the issuance of local love gift certificates to about 30 trillion won to revitalize the domestic economy. The originally planned issuance scale for this year was around 3 trillion won.
On the morning of the 31st, Park Hong-geun, chairman of the Democratic Party's Euljiro Committee, stated at a briefing on the 'Delivery App Platform Economy Win-Win Plan' held immediately after the 8th Euljiro Livelihood Issues Meeting at the National Assembly, "We have decided to enact the tentative Online Platform Fairness Act by the first half of next year to enhance transparency and fairness in transactions between platforms and tenant businesses, and to minimize legal gaps until the law is enacted by establishing soft norms."
Chairman Park explained the background, saying, "The party, government, and Blue House agreed on the need to prepare measures for voluntary win-win cooperation, prompt dispute resolution, and rights protection so that platform operators and tenant businesses can grow together as partners."
Chairman Park added, "The Ministry of SMEs and Startups will conduct an online platform transaction survey from next month until October and plans to revise the Win-Win Cooperation Act by the first half of next year to institutionally support cooperation between platform operators and partners. The 'Delivery Platform Win-Win Council,' involving platform operators, small business organizations, and the Ministry of SMEs and Startups, will also begin operating from September. This council will address issues such as delivery app market commissions, advertising fees, and information monopolies."
On the same day, the party, government, and Blue House also discussed expanding the issuance scale of local love gift certificates to stimulate domestic consumption. According to Chairman Park, the Ministry of the Interior and Safety proposed issuing certificates worth 10 trillion won, but there was a strong call among responsible lawmakers to expand issuance to 30 trillion won. Earlier, the Ministry of the Interior and Safety had increased the issuance scale from 3 trillion won to 6 trillion won using the first supplementary budget in March. The national subsidy rate will be maintained at 8%, which was applied to the additional issuance. The party, government, and Blue House also agreed to designate and promote at least one local shopping street per each of the 227 basic local governments by the first half of next year.
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