Korea FTC Expands to 11 Members

South Korea's Fair Trade Commission will expand from 9 to 11 members, adding one standing and one non-standing member, marking the first increase in 30 years since 1997.

Consumer Co-ops Transferred to SME Ministry

South Korea's National Assembly passed an amendment transferring oversight of consumer cooperatives from the Fair Trade Commission to the Ministry of SMEs and Startups to support growth.

Large Firms Must Disclose Interest Rates

South Korea's Fair Trade Commission requires conglomerates with over 5 trillion won in assets to disclose interest rates, collateral, and other details in inter-affiliate financial transactions starting this year.