Statutes of the Republic of Korea

No. 26758
Promulgation Date 2015-12-22
Korea Fair Trade Commission

ALL

CHAPTER I GENERAL PROVISIONS

Article 1 (Purpose)

Article 2 (Scope of Multi-Level Marketing Organizations)

Article 3 (Payment of Bonuses for Door-to-Door Sales Under Sponsorship)

Article 4 (Scope of Consumers)

Article 5 (Scope of Persons Specially Related, etc.)

Article 6 (Transactions Excluded from Application of the Act)

CHAPTER II DOOR-TO-DOOR SALES AND TELEMARKETING

Article 7 (Matters subject to Reporting by Door-to-Door Sales Entities, etc.)

Article 8 (Procedure, etc. for Reporting by Door-to-Door Sales Entities, etc.)

Article 9 (Door-to-door Sales Entities, etc. Exempt from Duty to Report)

Article 10 (Disclosure of Information about Door-to-Door Sales Entities, etc.)

Article 11 (Matters Included in Contract)

Article 12 (Restriction on Withdrawal of Subscription, etc.)

Article 13 (Interest Rate of Late Payment Penalty)

Article 14 (Means of Payment subject to Suspension or Cancellation of Billing for Proceeds Following Withdrawal of Subscription, etc.)

Article 15 (Offset against Debts)

Article 16 (Scope of Claimable Cost of Goods or Services Partially Consumed)

Article 17 (Level of Obligations Imposed on Salespersons Engaging in Door-to-Door Sales or Telemarketing)

Article 18 (Use of Consumer Information for Delivery of Goods or Services)

Article 19 (Use of Consumer Information Necessary for Verification of Identity for Prevention of Misappropriation)

CHAPTER III MULTI-LEVEL MARKETING AND DOOR-TO-DOOR SALES UNDER SPONSORSHIP

Article 20 (Procedure, etc. for Registration of Multi-Level Marketing Entities, or Door-to-Door Sales Entities Under Sponsorship)

Article 21 (Amount of Capital of Multi-Level Marketing Entities)

Article 22 (Disclosure of Information about Multi-Level Marketing Entities or Door-to-Door Sales Entities Under Sponsorship)

Article 23 (Grounds for Disqualification of Multi-Level Marketing Salespersons and Door-to-Door Salespersons Under Sponsorship)

Article 24 (Grounds for Withdrawal of Subscription, etc. against Multi-Level Marketing Salespersons and Door-to-Door Salespersons Under Sponsorship)

Article 25 (When Multi-Level Marketing Salespersons and Door-to-Door Salespersons Under Sponsorship are not Allowed to Withdraw Subscription, etc.)

Article 26 (Deduction of Expenses from Refundable Proceeds for Goods or Services)

Article 27 (Offset against Debts)

Article 28 (Amendment of Guidelines for Calculation and Payment of Bonuses)

Article 29 (Limit on Burden Imposed on Multi-Level Marketing Salespersons or Door-to-Door Salespersons Under Sponsorship)

Article 30 (Limitation on Price for Commodities for Sale)

Article 31 (Use of Consumer Information for Delivery of Goods or Services)

Article 32 (Use of Consumer Information Necessary for Identification of Consumers to Prevent Misappropriation)

Article 33 (Level of Imposition of Obligations)

Article 34 (Person Authorized to Request for Cessation of Violation and Procedure for Requesting Cessation of Violation)

Article 35 (Standard for Liability for Compensation for Damage where Business Entity Engaging in Multi-Level Marketing or Door-to-Door Sales Under Sponsorship Neglects Duty to Notify)

Article 36 (Standards for Calculation of Ratio of Sales of Door-to-Door Sales Business Entity Under Sponsorship to End-Users)

CHAPTER IV RECURRING TRANSACTIONS AND TRANSACTIONS FOR SOLICITING BUSINESS

Article 37 (Standards for Amount and Period of Recurring Transactions or Transactions for Soliciting Business)

Article 38 (Matters to be Explained to Consumers in Transactions for Soliciting Business)

Article 39 (Other Matters to be Explained to Consumers)

Article 40 (Grounds for Restriction on Termination of Contracts for Recurring Transactions or Transactions for Soliciting Business)

Article 41 (Refund of Proceeds or Reduction of Penalty Following Return of Goods or Services)

Article 42 (Inspection of Records of Transactions of Business Entity Engaging in Recurring Transactions or Transactions for Soliciting Business)

CHAPTER V PROTECTION OF CONSUMERS' RIGHTS AND INTERESTS

Article 43 (Records, etc. of Transactions Stored and Preserved by Extraordinary Sales Business Entities)

Article 44 (Contract for Indemnity Insurance against Consumer Loss)

Article 45 (Authorization for Establishment of Mutual Aid Association, etc.)

Article 46 (Contributions)

Article 47 (Matters to be Stipulated in Articles of Association of Mutual Aid Association)

Article 47-2 (Executives of Mutual Aid Association)

Article 47-3 (Board of Directors of Mutual Aid Association)

Article 48 (Operation and Supervision of Mutual Aid Associations)

Article 49 (Method, etc. for Ascertaining Intention to Refuse to Receive Telemarketing Calls)

CHAPTER VI INVESTIGATION AND SUPERVISION

Article 50 (Organization, etc. of Investigation Team)

Article 50-2 (Methods, Procedures, etc. for Conducting Fact-finding Surveys)

Article 51 (Payment of Rewards)

Article 52 (Disclosure of Information about Unfair Practices)

Article 53 (Fairness in Evaluation and Certification)

Article 54 (Duty to Report)

CHAPTER VII RECTIFICATIONS, IMPOSITION OF PENALTY SURCHARGES, ETC.

Article 55 (Publication of Measures Taken for Rectification)

Article 56 (Guidelines for Suspending Operation of Business and Revocating Registration)

Article 57 (Organization for Mediation of Disputes over Consumer Loss)

Article 58 (Confirmation of No Measures to be Taken for Rectification upon Acceptance and Performance of Proposal for Mediation of Dispute over Consumer Loss)

Article 59 (Imposition and Payment of Penalty Surcharges)

Article 60 (Calculation of Sales Related to Violation)

Article 61 (Guidelines for Imposition of Penalty Surcharges)

CHAPTER VIII SUPPLEMENTARY PROVISIONS

Article 62 (Registration of Business Entities' Association)

Article 62-2 (Re-examination of Regulation)

CHAPTER IX PENALTY PROVISIONS

Article 63 (Criteria for Imposition of Administrative Fines)

ADDENDA

ADDENDA <Presidential Decree No. 24076, Aug. 31, 2012>

ADDENDA <Presidential Decree No. 24436, Mar. 23, 2013>

ADDENDUM <Presidential Decree No. 25527, Jul. 28, 2014>

ADDENDA <Presidential Decree No. 25840, Dec. 9, 2014>

ADDENDUM <Presidential Decree No. 26035, Jan. 6, 2015>

ADDENDUM <Presidential Decree No. 26758, Dec. 22, 2015>