Ministry of Science and ICT Grants 5-Year Reapproval to 10 Companies Including Hyundai Home Shopping and GS Home Shopping

[Asia Economy Reporter Eunmo Koo] The Ministry of Science and ICT announced on the 2nd that it has reapproved 10 data home shopping companies.

The data home shopping companies reapproved on this day are KT Hitel, TRN, Shinsegae TV Shopping, SK Stoa, W Shopping, GS Home Shopping, CJ ENM, Hyundai Home Shopping, Woori Home Shopping, and NS Shopping. Their reapproval validity period is five years, from the 19th of this month to April 18, 2026.

The Ministry of Science and ICT formed the 'Data Home Shopping Reapproval Review Committee' consisting of external experts in six fields: broadcasting, law, management and economics, technology, accounting, and viewers and consumers, and conducted a closed review from the 29th of last month to the 2nd of this month.

As a result, all 10 data home shopping companies scored over 650 points in the review. They also met the reapproval criteria by achieving scores above the standard in the item subject to failure application, "Excellence in Fair Trade Practice Establishment and Contribution to Revitalization of Small and Medium Enterprises."

The review committee also presented reapproval conditions to these 10 companies to secure public functions such as contribution to the activation of support for small and medium enterprises, support for local product sales channels, and enhancement of accessibility for the disabled.

The Ministry of Science and ICT plans to issue approval certificates containing these details within this month and will inspect to ensure compliance with the reapproval conditions.

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