The participation of corporations in the Fair Trade Commission's Fair Trade Compliance Program (CP) reached an all-time high this year. The CP grading evaluation is a system in which the Fair Trade Commission grants grades to corporations that voluntarily operate CP, and outstanding corporations receive benefits such as exemption from official investigations.
At the opening remarks of the CP symposium held on the 14th at the Korea Chamber of Commerce and Industry, Chairperson Han noted, "A record high of 78 corporations applied since the system was introduced this year, but it is difficult to say that this is sufficient considering the scale of domestic corporations," and emphasized, "It needs to increase further."
Chairperson Han continued, "CP is a key strategy that not only prevents unfair practices but also reduces the risk burden on corporations and spreads fair trade order," adding, "We will ensure that fair economy can become a basis for growth through the expansion of CP culture."
At the symposium, senior researcher Kim Yoon-jeong from the Korea Legislation Research Institute (KLRI) gave a presentation on the direction of the development of the CP system, and corporations such as Hyundai Rotem, Naver, and Daelim, which are exemplary in operating CP, shared best practices.