ENGLISH

Online shopping mall founder
Obligations to provide information on the online shopping mall operator’s identity and terms of transactions
Matters to be indicated, advertised, notified or provided
- An online shopping mall operator shall indicate, advertise, or notify the terms of a transaction of products in an appropriate manner to ensure that consumers can clearly understand them before concluding a contract and sign a deal without any error or discrepancy (Article 13(2) of the Act on the Consumer Protection in Electronic Commerce, etc.).
- Upon conclusion of a contract, an online shopping mall operator shall provide documents (including electronic documents, and the same shall apply hereafter) relating thereto to the other party of the contract prior to supplying the products (Article 13(2) of the Act on the Consumer Protection in Electronic Commerce, etc.).
Sanctions for violations
- A person who provides false identification information on a business operator or on the terms of a transaction shall be punished with a fine of up to KRW 10 million (Subparagraphs 1 and 2 of Article 43 of the Act on the Consumer Protection in Electronic Commerce, etc.).
- A person who fails to indicate, advertise, notify or provide the terms of a transaction or fails to deliver documents thereon prior to or immediately after the conclusion of the contract, he/she ① shall be punished with an administrative fine not exceeding KRW 5 million, and ② shall be ordered to take corrective measures by the Fair Trade Commission. If he/she does not indicate, advertise, notify or provide the terms of the transaction or does not deliver documents thereon despite the corrective order, he/she may be ordered to fully or partially suspend the business or be imposed penalty surcharges (Subparagraph 1 of Article 32(1), Article 32(4), Article 34(1), and Subparagraph 4 of Article 45(4) of the Act on the Consumer Protection in Electronic Commerce, etc.).