The Fair Competition Code Concerning the Labeling of Cosmetics is a voluntary industry-self-developed standard, which is applicable to the operators participating in the rules. Despite being a voluntary standard, it does take into account the characteristics of goods or services as well as general matters that are misunderstood or improperly displayed to ordinary consumers making them fully compatible with current laws. As such, stakeholders must consider the prohibited items in this standard even if they do not participate in it. 

It consists of 17 articles, 2 supplementary provisions and 8 additional remarks.