[Bills in Focus] 'Shrinkflation' warnings, platform monopoly regulations
Jan 1, 2024
Proposed Bill: Partial Amendment to the Act on Labeling and Advertising of Foods Proposed by Rep. Hwang Hee (Democratic Party of Korea) ● An increasing number of food manufacturing companies have been reducing the volume of their products while maintaining or raising their prices. However, these changes in quantity are not as easy for consumers to notice as price increases. Therefore, this amendment aims to protect the consumer’s right to information by requiring companies to clearly i