2.Business Model Legality/ Regulatory Approval Investigation

|Q8 (Product Sales vs. Services under Act on Specified Commercial Transactions)

If we offer a service targeting individuals, but are not selling products, is it correct that we don’t need to worry about the regulations on mail order (including online) sales under the Act on Specified Commercial Transactions?

The regulations on mail order (including online) sales under the Act on Specified Commercial Transactions apply to the offer of services as well as to products. Accordingly, if you offer services for a fee, you must observe the regulations applicable to mail order (including online) sales. Fee-based mail magazines and online games are also thought to be covered.

(Posted: January 27, 2012)