It is just a month away till the new agency, Consumer Affairs Agency is going to be launched. It was part of the cabinet's pledge to ensure the safety of food, consumer finance, and other products.
The new agency will gather people, operation and regulation from 9 ministries/agencies and 1 committee, adding 29 laws under the control.
The preparation is said to be focusing on areas such as Specified Business Transaction Law and Money Lending Business Law which will be operated jointly with other ministries. It might affect consumer finance industry, credit loans, english and cram schools, again?
