Rotok reports to the Fair Trade Commission and the Bar Association... "Please correct the abuse"
[Asia Economy Reporter Lee Junhyung] Law platform operator Law&Company announced on the 10th that it has reported the Korean Bar Association to the Fair Trade Commission for violations of the Fair Trade Act and the Act on Labeling and Advertising.
Law&Company holds the position that the Bar Association's internal regulations and revisions to the Code of Ethics constitute prohibited acts by business associations under the Fair Trade Act, as well as restricted acts of labeling and advertising by business associations under the Act on Labeling and Advertising.
Previously, the Bar Association amended the 'Regulations on Lawyer Advertising' and the 'Code of Ethics for Lawyers' consecutively last month. According to the amendments, the Bar Association can discipline affiliated lawyers registered on legal platforms. In response, Law&Company submitted a constitutional appeal petition regarding the amended advertising regulations together with 60 lawyers at the end of last month.
Hot Picks Today
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Kim Bonhwan, CEO of Law&Company, stated, "Due to the Bar Association's unfair actions, lawyer members active on Lotok are being forced to withdraw," adding, "Young and novice lawyers, who relatively lack business foundations and personal networks, are even facing threats to their business operations and survival." CEO Kim added, "We hope that the Fair Trade Commission's fair and impartial judgment will resolve information asymmetry, improve access to legal services, and allow us to continue corporate activities for market innovation."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.