Fair Trade Commission Holds Briefing Session on Subcontracting Sector Fair Trade Agreement Implementation Evaluation

[Asia Economy Reporter Haeyoung Kwon] The Fair Trade Commission (FTC), together with the Korea Fair Trade Mediation Agency, will hold the '2021 Fair Trade Agreement Implementation Evaluation Briefing' on the 22nd for companies that signed and implemented fair trade agreements in the subcontracting sector in 2020.

The fair trade agreement implementation evaluation is a system in which the FTC and the Mediation Agency inspect and evaluate the implementation of fair trade agreements concluded by large corporations and small and medium-sized enterprises (SMEs) to establish a mutually fair subcontracting transaction order, granting incentives such as exemption from ex officio investigations. In the mid to long term, the FTC will oversee the evaluation system, while the Mediation Agency will handle practical tasks such as on-site inspections.

This briefing will be conducted in three sessions: ▲ Introduction to the implementation evaluation ▲ Guidance on major revisions to evaluation criteria and related Q&A ▲ Real-time Q&A. Officials from the FTC and the Mediation Agency, as well as executives and employees from 173 companies, are expected to attend simultaneously online. The briefing will be held online at 2 p.m. on the 22nd.

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