A revised Fair Trade Act that grants benefits, such as reduced penalty surcharges to companies that have adopted and excellently operated a Fair Trade Compliance Program (CP), will be enforced on June 21st this year.

On the 15th, the Fair Trade Commission announced that it would prepare sub-statutes, including the Enforcement Decree and Notification of the revised Fair Trade Act , to stipulate standards and procedures for the implementation of the system in February for the timely enforcement of the revised Fair Trade Act

CP is an internal compliance system that companies establish and operate independently to comply with fair trade-related laws and regulations. The system, which includ