This Act comes into effect as of the day on which 20 days have elapsed from the date of promulgation.

①The provisions of Article 4, paragraph (3), item (vi) of the Consumer Contract Act as amended by the provisions of Article 1 (hereinafter referred to as "the new Act" in this Article) (including as applied mutatis mutandis pursuant to Article 5, paragraph (1) of the Consumer Contract Act) apply to a manifestation of an intention to be bound by the offer of a consumer contract or by the acceptance of such an offer made on or after the date on which this Act comes into effect, and with regard to a manifestation of an intention to be bound by the offer of a consumer contract or by the acceptance of such an offer made before that date, the provisions then in force continue to govern.

②The provisions of Article 7, paragraph (1) of the new Act also apply to the rescission right pertaining to a manifestation of an intention to be bound by the offer of a consumer contract or by the acceptance of such an offer made before this Act comes into effect; provided, however, that this does not apply if the prescription of the rescission right prescribed in Article 7, paragraph (1) of the Consumer Contract Act prior to the amendment by the provisions of Article 1 has already been completed at the time this Act comes into effect.

If five years have elapsed since this Act came into effect, the Government is to review the status of enforcement of the provisions as amended by this Act, and, when it finds it to be necessary, take the necessary measures based on the results of the review.