On 3 March 2022, the Ministry of Commerce (“MOC“) issued a Notification No. 0528 MOC.BRD on the Extension of the Imposition of Penalty in relation to the Application for E-Commerce Permit or License (“Notification“).
Per the Notification, all individuals, sole proprietorships, legal entities and branch of foreign companies (“Relevant Persons“) who carry out their business activities through electronic platforms have time until the end of June 2022 to apply for permits or licenses for E-Commerce. Relevant Persons who carry out e-commerce activities without a permit or license will be subject to pecuniary fines and the applicable penalties as determined by the Law on E-Commerce. MOC will implement the imposition of such pecuniary fine and penalties from 1 July 2022 onward.
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