(1) Reasons for Proposal
To follow up on the “Measures for Card Fee Reforms” (November 2018), this Amendment expands the requirements for petty, small and medium credit card merchants eligible for preferential fee rates, thereby aiming to reduce the burden of fees on merchants.

(2) Major Provisions
A. Adjust requirements for petty, small and medium credit card merchants (Article 6-13)
Include credit card merchants with annual sales of more than 500 million won but not more than 1 billion won and those with annual sales of more than 1 billion won but not more than 3 billion won in the scope of petty, small and medium credit card merchants such that they may be eligible for preferential fee rates.