Page 35 - FAIR TRADE COMMISSION 2023 ANNUAL REPORT

Important Achievements in 2023
guideline when both agencies organized their work by dividing labor to handle related cases. Subsequently, the Commission amended the Fair Trade Commission Disposal Directions (Guidelines) on Cases of Real Estate Advertising on Nov. 15 the same year in accordance with the coordination conclusion and each agency’s law enforcement experience. Various violation types were specified and the types of property hype cases to be handled through the division of labor with the Ministry of the Interior were added. The Commission exercised its conferred authority to investigate illegal presale homes marketing hype to protect the interests of consumers.
Employing multiple approaches to maintain real estate trading order
3. Interministerial cooperation
Establishing the Conclusion
of Coordination between the Fair Trade Commission and the Ministry of the Interior on Handling Property Hype Cases (Apr. 11, 2023)
4. Perfecting laws and
regulations
Amending the Fair Trade Commission Disposal Directions (Guidelines) on Cases of Real Estate Advertising
1. Watching market developments closely
Monitoring real estate platforms and assigning staff members to inspect housing project sites
2. Imposing heavy penalties
Imposing sanctions in 15 real estate cases with fines totaling 16.75 million dollars
5. Reinforcing the promotion
of regulations
Holding presentations on presale home marketing practices and regulations against false real estate advertising
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