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An evaluative anlaysis of Korean legislative development in relation with economic growth : Consumer protection law

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Title An evaluative anlaysis of Korean legislative development in relation with economic growth
Similar Titles
Sub Title

Consumer protection law

Material Type Reports
Author(English)

Lee, Ji Yoon

Publisher

[Sejong]:Korea Legislation Research Institute

Date 2012-07
Series Title; No 법제교류연구 / 12-21-4-1
Pages 119
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Government and Law < Laws and Legislation
Holding Korea Legislation Research Institute

Abstract

In South Korea, the need for protection of consumers emerged as an important social issue in the 1970s amid the country’s achievement of a rapid economic growth. The country has made efforts to settle such issues by enacting laws, including The Consumer Protection Act (1980), in diverse sectors related to consumer transactions and safety.
Thirty-two years have passed since the enactment of The Consumer Protection Act, which was the first consumer law adopted in the country. During this period, South Korea achieved a rapid economic growth and became 24th member of the Development Assistance Committee(DAC), a affiliate organization of the Organization for Economic Co-operation and Development(OECD), in 2009. The country’s consumption-related matters have gone through epochal changes along with changes in the social and economic sectors. (The rest omitted)