[the300],
Ko Dong-jin, the chairman of the AI and Semiconductor Subcommittee of the People Power Party, is speaking at the 1st meeting of the AI and Semiconductor Special Committee held at the National Assembly Member’s Office in Yeouido, Seoul on the morning of the 18th. 2024.06.18. /Photo=newsis ,
, “National Assembly member Ko Dong-jin of the People Power Party has proposed an amendment to the Electronic Commerce Consumer Protection Act to prevent a recurrence of the ‘Tmon-Wemakeprice (T-Mepf) Incident.”,
,
, “The amendment includes provisions for imposing fines if the intermediary e-commerce platform fails to pay the purchase price to consumers within 10 days of the purchase confirmation date.”,
,
, “The existing Electronic Commerce Act does not regulate the payment deadline for product prices in e-commerce transactions conducted through online shopping malls.”,
,
, “The settlement cycle for Tmon and Wemakeprice has been as long as 70 days. There have been criticisms that the delay in settling payments for nearly two months has led to settlement issues as the funds are used for other purposes like a ‘petty fund’.”,
,
, ‘Rep. Ko stated, “The T-Mepf incident is the result of online shopping malls cunningly using the loophole of the lack of regulations on settlement cycles in the current law to delay payments as much as possible and the negligence of relevant agencies. As the damage is disproportionately affecting our small and medium-sized businesses, it is urgent to establish sufficient measures and improve the system to prevent a recurrence.”‘, ‘article_split’,
,