Republic of Korea
Fair Labeling and Advertising Act (Act No. 5814 of February 5, 1999)
|Year of current version:||1999|
|Date of entry into force of original text:||July 1, 1999|
|Date of Text (Enacted):||February 5, 1999|
|Type of Text:||IP-related Laws: enacted by the Legislature|
|Subject Matter:||Competition, Enforcement of IP and Related Laws, Trademarks|
|Notes:||The notification by the Republic of Korea to the WTO under article 63.2 of TRIPS states:|
'The Act was enacted to reinforce the regulation of undue methods of advertisement.
It covers four types of undue representations and advertisements that are prohibited: false or exaggerating, deceiving, unduly comparative, and slanderous representations and advertisements (see Chapter 2 on prohibition of unfair labeling and advertising).'
|WIPO Lex No.:||KR019|