Recent amendments to the Act Against Unjustifiable Premiums and Misleading Representations
A law amending the Act Against Unjustifiable Premiums and Misleading Representations came into effect on 1 October 2024. The Consumer Affairs Agency has broadly divided the amendments into three categories: “promotion of voluntary efforts by entrepreneurs,” “strengthening violation deterrence” and “developing regulations to ensure smooth enforcement, etc.” In this alert, we briefly introduce and outline the amendments.