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January 13, 2006

Korea to Increase Consumer Protection

The Finance and Economy Minister of Korea and other ministers of government endorsed a comprehensive consumer protection plan at the first Consumer Policy Deliberation Committee meeting in Korea. The government decided to adopt a Prompt Measures Against Unsafe or Defective New Products System that recommends product recalls or market withdrawal measures to manufacturers if the products have consumer safety problems or pose hazard risks. The new regulations will extend product recall obligations from current 39 industrial items to all manufactured goods. The plan also includes a Voluntary Product Safety Validation System, pursuant to which manufacturers document that their products conform to the consumer safety standards.

After government authentication of the voluntary product safety report, manufacturers will be allowed to label product safety marks on their new products but otherwise, the government has the authority to impose a product recall order. The government will also draw together all product labeling related information into a single window on the Web, which will provide consumers easily accessible information on various quality and safety marks and advertising regulations.

Additional coverage by Kim Sung-jin, Korea Times. |Link|


January 13, 2006 | Permalink


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