This Year's Recall Product Recovery Rate 54.3%... 8.8% Increase Compared to Last Year

Lee Seung-woo, Director of the National Institute of Technology and Standards, Ministry of Trade, Industry and Energy. (Photo by Yonhap News)

[Asia Economy Reporter Moon Chaeseok] The National Institute of Technology and Standards under the Ministry of Trade, Industry and Energy announced on the 29th that the recall product recovery rate this year rose by 8.8 percentage points from the previous year to 54.3%.

This is the result of compiling the '2020 Major Product Safety Management Statistics' on the 15th. The number of recall cases significantly decreased from 445 to 329.

Recalls include recall orders (critical defects), recall recommendations (major defects) issued through government safety investigations, and voluntary recalls by companies.

Out of 5,292 products distributed in the market, 329 defective products such as toys were recalled (recall orders and recommendations). The recall action rate was 6.2%, down 2.3 percentage points from last year.

Although the number of investigations slightly increased from 5,246, the number of recall actions decreased. This is estimated to reflect strengthened safety of distributed products.

The recovery rate of recalled products rose for the third consecutive year to 54.3%. This is seen as an effect of institutional improvements such as the revision of the Product Safety Basic Act.

Additionally, in collaboration with the Korea Customs Service, 5,315 imported products were inspected, preventing the domestic entry of 1,193 illegal or defective products (about 3.85 million items) in advance.

Due to the impact of the novel coronavirus infection (COVID-19), the number of product safety certifications and acquisitions decreased by 10.7% from last year to 33,005 cases.

Lee Seung-woo, head of the National Institute of Technology and Standards, said, "Next year, we will thoroughly promote product safety policies by significantly expanding safety investigations on non-face-to-face related products such as indoor leisure products."

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