[Background]

Due to prolonged high interest rates and inflation, the business environment for franchisees has deteriorated. With the retirement of the "second baby boomer" generation, franchise overcrowding and information asymmetry have increased risks. This amendment follows the "Comprehensive Plan for Strengthening Franchisee Rights" to improve the content and structure of Information Disclosure Documents (IDD).

[Main Points]

IDD Content Reform: Adds helpful information for decision-making and deletes redundant/irrelevant items. Shortens the update cycle for certain items to quarterly.

Procedures & Forms: Requires documents verifying the operation of direct-managed stores when registering an IDD and updates address entry requirements for franchisors.

Digitalization: Adds electronic documents as a method for notifying registration refusals, cancellations, or public disclosure schedules.

Voluntary Cancellation: Establishes a legal basis and online procedure for franchisors to voluntarily cancel IDD registrations.

Standardization: Updates terminology (e.g., "Balance Sheet" to "Statement of Financial Position" per IFRS) and clarifies that closed stores must be included when calculating estimated sales ranges based on nearby stores.