Fair Trade Commission Introduces Mandatory Escrow Safeguards for Online Marketplaces
The Fair Trade Commission promulgated strict settlement timeframe caps and third-party escrow requirements for major e-commerce platforms to safeguard small merchant payouts and consumer transactions.
The Fair Trade Commission promulgated strict settlement timeframe caps and third-party escrow requirements for major e-commerce platforms to safeguard small merchant payouts and consumer transactions.
What Happened
The Fair Trade Commission promulgated strict settlement timeframe caps and third-party escrow requirements for major e-commerce platforms to safeguard small merchant payouts and consumer transactions.
Key Details
Announced by Korea Fair Trade Commission (FTC) on 2026-08-22, these verified measures outline implementation guidelines and service schedules across participating institutions.
What This Means for Residents & Visitors
Residents and visitors in South Korea are encouraged to check official Korea Fair Trade Commission (FTC) channels for verified schedules, eligibility criteria, and procedure updates.
Last verified:
English source details
Responsible authority: Korea Fair Trade Commission (FTC)
공정거래위원회, 온라인 플랫폼 판매자 정산 보호를 위한 결제대금 예치 의무화
The Fair Trade Commission promulgated strict settlement timeframe caps and third-party escrow requirements for major e-commerce platforms to safeguard small merchant payouts and consumer transactions.
Korea Fair Trade Commission (FTC)
공정거래위원회, 온라인 플랫폼 판매자 정산 보호를 위한 결제대금 예치 의무화
The Fair Trade Commission promulgated strict settlement timeframe caps and third-party escrow requirements for major e-commerce platforms to safeguard small merchant payouts and consumer transactions.
Korean, English
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