2. Business Model Legality/ Regulatory Approval Investigation

Q7 (Required Disclosures in Online Sales)

In selling products on the Internet, is it necessary to include in advertisements the disclosures under the Act on Specified Commercial Transactions?

Except for cases where the target buyer is a merchant, selling products on the Internet would fall within the regulation of mail order (including online) sales under the Act on Specified Commercial Transactions. So it is necessary to clearly disclose certain matters prescribed under the regulations in the advertisement on your site.

(Posted: January 27, 2012)