New Business Re-registration Deadline On The Table

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The government is considering a new extension of the deadline to re-register businesses online, after more than half of the 42,000 companies registered with the Ministry of Commerce failed to re-register online by the last deadline—last Friday, September 30.

The next extension might go through the end of this year, said Seung Sophari, a spokeswoman for the Ministry of Commerce.

“This time, punishments will be imposed,” she said. “We want all companies to be re-registered.”

The deadline for online business re-registry has already been delayed twice since the portal’s launch in December last year.

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