[2023 National Audit] Fair Trade Commission Chair: "Self-Regulation Makes Unfair Trade Difficult... Will Implement Legal Regulations"

Han Ki-jung, Chairman of the Fair Trade Commission, stated on the 16th during the National Assembly's Political Affairs Committee audit, "If the implementation of self-regulation does not proceed properly, we plan to move towards legal regulation."

Choi Jong-yoon, a member of the Democratic Party of Korea, pointed out, "Self-regulation cannot stop unfair trading practices on platforms," adding, "Since the playing field is fundamentally tilted, legal regulation is extremely important."

In response, Chairman Han said, "Issues such as abuse of trading position are already regulated by the Fair Trade Commission Act, and matters such as essential contract terms and dispute resolution are being pursued through self-regulation," adding, "Since it is still in the early stages, we will observe the process a bit more and consider legislation."

Fair Trade Commission Chairman Han Ki-jung is responding to a lawmaker's question at the National Assembly's Political Affairs Committee audit held on the 16th. Photo by Hyunmin Kim kimhyun81@

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