On July 14, eBay became the first company to sign an agreement with Korea Fair Trade Commission (KFTC), Korea’s anti-trust regulator, for fair trade in the growing online E-commerce market. The signing was attended by the Secretary-General of KFTC, Chairman of the Committee on Consumer Policy, President of the Korea Consumer Agency and Head of eBay Korea Joo-Man PARK in Seoul, Korea. During the declaration ceremony, eBay agreed to adopt a “Consumer Complaints Management System” to better protect consumer rights.

Korean eBay sellers and their representatives were present at the signing ceremony.