The Fair Trade Commission at the Government Complex Sejong in Sejong City. (Photo by Yoo Dae-gil, dbeorlf123@ajunews.com)
South Korea’s Fair Trade Commission will revise terminology and procedures in its Consumer-Centered Management (CCM) business designation system, including renaming the certification review body as a designation review body and replacing “certificate” with “designation confirmation.”
The FTC said April 29 it will accept public comments through June 8 on a proposed revision to the enforcement decree of the Framework Act on Consumers. The proposal follows amendments to the law promulgated in March.
Under the plan, related terms will be aligned with the revised law: “certification review institution” will become “designation review institution,” “certificate” will be replaced by “designation confirmation,” and “certification work” will be changed to “designation review work.”
The FTC will also elevate to the enforcement decree an existing notice requiring businesses to pay review fees directly to the Korea Consumer Agency. The designation review institution would be required to submit to the FTC each year a plan for how the fees will be used and a report on actual spending.
The proposal also changes how members of the Consumer Policy Committee’s expert panel are selected. The current enforcement decree provides that government members must be senior officials or equivalent, and that private-sector members are appointed by the prime minister. The FTC said the process has been criticized as too rigid, making it difficult to run the panel quickly and flexibly.
Under the revision, the requirement for nominating government members would be removed, and private-sector members would be appointed by the FTC chair rather than the prime minister.
The FTC said April 29 it will accept public comments through June 8 on a proposed revision to the enforcement decree of the Framework Act on Consumers. The proposal follows amendments to the law promulgated in March.
Under the plan, related terms will be aligned with the revised law: “certification review institution” will become “designation review institution,” “certificate” will be replaced by “designation confirmation,” and “certification work” will be changed to “designation review work.”
The FTC will also elevate to the enforcement decree an existing notice requiring businesses to pay review fees directly to the Korea Consumer Agency. The designation review institution would be required to submit to the FTC each year a plan for how the fees will be used and a report on actual spending.
The proposal also changes how members of the Consumer Policy Committee’s expert panel are selected. The current enforcement decree provides that government members must be senior officials or equivalent, and that private-sector members are appointed by the prime minister. The FTC said the process has been criticized as too rigid, making it difficult to run the panel quickly and flexibly.
Under the revision, the requirement for nominating government members would be removed, and private-sector members would be appointed by the FTC chair rather than the prime minister.
* This article has been translated by AI.
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