KOREAN NET

You want to invest in South Korea. Do you want to know if there is a support system for foreign investment?

The Foreign Investor content introduces the concept of foreign investment prescribed by the Foreign Investment Promotion Act and provides legal information on the protection and restrictions of foreign investment.

In addition, it introduces various investment areas where foreign investors can invest and provides investment support information, such as tax reduction, rent reduction of national and public property, and cash support.

Moreover, it introduces various administrative support details, such as the Foreign Investment Support Center, Foreign Investment Ombudsman, Foreign Investment Promotion Office, and civil affairs related to foreign investment. It also introduces the registration contents of foreign-invested companies.

It provides legal information related to quarantine that undertakes sanitary measures such as inspections, quarantine, and quarantine of people entering or leaving the country through airports and ports, aircraft, ships, automobiles, cargo, etc. to maintain and protect people’s health by preventing the spread of infectious diseases at home and abroad.

If a consumer has been harmed when using services or purchasing goods, how can he or she go about redressing the problem?

If a problem occurs with a good purchased by a consumer, it can be resolved mainly through one of the following methods: ① direct settlement between the consumer and the business operator; ② conciliation, mediation, or mediation through a consumer protection agency and other outside party; ③ litigation.

The consumer may contact the business operator directly to notify it of the damage suffered and ask for compensation. When the consumer cannot directly settle the problem with the business operator, such as when the operator refuses to provide compensation or to acknowledge the consumer's complaint, the consumer can apply for damages at the local government’s consumer affairs center, Korea Consumer Agency, and consumer organizations or file for a trial of small claims or file an order for payment or civil conciliation or civil suit in a court of law to resolve the problem.

Are the industrial products you are using safe?

Consumer safety refers to an act of protecting consumer’s lives and preventing their injuries or reducing their property loss as much as possible in connection with their use of goods or services.

This content provides information on the quality management system concerning industrial products, electrical goods, food, elevators, children's play facilities, cars, etc., which is designed to secure consumer safety; the recall system, which is for goods sold to consumers; and product liability.

Online Shopping in Daily Life

Recently, online shopping mall transactions, home shopping, and electronic payment have become an integral part of daily life, along with e-commerce and mail order transactions. Under such circumstances, there is now a pressing need to protect consumers’ rights by encouraging such transactions to be carried out fairly.

The 「Act on the Consumer Protection in Electronic Commerce, etc.」 was enacted to protect consumers’ rights and interests in e-commerce and mail order transactions by ensuring consumers’ right to withdraw from a subscription and cancel a contract concerning their purchase of goods and services and to regulate the businesses concerned.

This content sets forth information on the laws pertaining to online shopping and e-commerce, with the focus on such details as member subscription, door-to-door delivery, exchange, refund, return, consumer dispute, etc.