Draft targets retailers of substandard merchandise

A draft law amendment unveiled on Monday has proposed raising the top compensation that business owners must pay if they intentionally sell substandard products.

The latest draft amendment to the Law on the Protection of Consumer Rights and Interests requires business owners, who are aware of a product's flaws but sell it anyway, to pay up to three times the monetary loss to affected consumers if the products and services cause severe health problem or death.

If the flawed products do not cause major health problems, the compensation will be three times the retail price, the draft says.