Advise on the Introduction of Paid Points and Create Terms and Conditions

The client wanted to introduce paid loyalty points to its current service and asked Cha & Kwon Law Offices for advice. In particular, the Electronic Financial Transactions Act was recently amended to broaden the scope of points to include prepaid electronic payment instruments after the Mudge Point scandal. As a result, it is necessary to clarify the scope of the use of points by obtaining a legal review based on the latest information before introducing points. Cha & Kwon Law Offices provides advice based on a careful analysis of the client’s business model and reflecting relevant regulatory trends.

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