This page summarizes Digital Minister Kono's press conference on May 12, 2023. It reports on amendments to the Unfair Competition Prevention Act targeting misleading internet advertisements, introducing self-regulatory procedures and increasing penalty surcharges. Regarding electricity rate increases, the Consumer Affairs Agency's investigations found that cartels and information leaks affected regulated rates, revealing structural high-cost issues in power companies. The electricity market's competitive environment requires addressing these identified problems. The Consumer Commission's recommendations emphasize clearer consumer information, operational separation of transmission companies, stronger monitoring by the Electricity and Gas Transaction Commission, and enhanced penalties.
