1. Reasons for Amendment                                                                                                                                          

The Amendment improves competition-restricting provisions prescribing that when a motor vehicle manufacturer publishes a plan for corrective measures or economic compensation to address a manufacturing defect in a newspaper, the newspaper shall be a daily newspaper that is distributed nationwide and has its head office located in Seoul Special Metropolitan City. It also modifies impractical provisions requiring motor vehicle manufacturers, etc. to report to the Minister of Land, Infrastructure and Transport on a quarterly basis on the progress of corrective measures or economic compensation until completion even when it is not possible to complete the corrective measures due to the target vehicle having been scrapped or exported, etc., and otherwise addresses and improves upon a number of weaknesses that have emerged from the operation of the current system.

Moreover, the Motor Vehicle Management Act was amended to strengthen the management and inspection of used motor vehicle labeling and advertising by introducing a used motor vehicle online advertisement monitoring system similar to the management and supervision system for false property sale listings.

Accordingly, this Amendment prescribes the content, methods, and procedures for online advertisement monitoring, and other necessary matters delegated by the amended Act.

2. Major Provisions

A. Improve provisions on the publishing of plans for corrective measures, etc. in daily newspapers (Article 41 (2), Article 41-2 (1))

ㅇ Improve competition-restricting provisions requiring plans for corrective measures or economic compensation to be published only in daily newspapers with their head office located in Seoul Special Metropolitan City

ㅇ Relax regulations to allow plans for corrective measures or economic compensation to be published in any daily newspaper distributed nationwide regardless of the location of the head office

B. Improve content of reports on plans for corrective measures (Article 42 (1))

ㅇ Prescribe that a plan for corrective measures shall include the implementation method of the corrective measures so as to enable motor vehicle manufacturers and importers to implement corrective measures in a systematic manner, and thereby minimize inconvenience to owners of motor vehicles subject to long wait times for corrective measures due to a lack of dedicated work spaces for corrective measures, etc.

C. Improve obligation to report on the progress of corrective measures, etc. (Article 42 (3))

ㅇ Improve impractical provisions requiring motor vehicle manufacturers, etc. to report to the Minister of Land, Infrastructure and Transport on a quarterly basis on the progress of corrective measures or economic compensation until completion even when it is not possible to complete the corrective measures due to the target vehicle having been scrapped, exported, etc.

ㅇ Relax provisions to prescribe reporting on a quarterly basis until the progress of the corrective measures or economic compensation reaches 90 percent

D. Prescribe obligations of organizations commissioned with monitoring affairs (Article 155 (1), (2), and (3) newly inserted)

E. Authorize the Minister of Land, Infrastructure and Transport to require Mayors/Do Governors and registration authorities to report, investigate, and take action to address monitoring results (Article 155 (4) and (5) newly inserted)