"Chasing Profiteering Will Lead to Ruin" ••• 'K-Price Gouging' in Lodging and Taxis to Face Business Suspension
Original article: EDaily ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Government announces anti-price gouging measures at National Tourism Strategy meeting Triggered by soaring accommodation prices linked to BTS... President Lee Jae-myung calls it an "outdated and regressive practice" No corrective orders or warnings... First violation: 5-day suspension for lodging, 30 days for taxis Lodging sector to introduce a "voluntary advance rate-reporting system" with price caps ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Accommodation providers that unilaterally cancel existing reservations and resell rooms are higher prices, as well as taxis that charge unreasonably high fares, will face immediate business suspensions if caught. On the afternoon of the 25th, President Lee Jae-myung presided over an expanded National Tourism Strategy Meeting and announced comprehensive measures to eradicate price gouging. Following the surge in accommodation prices linked to the BTS concert in Busan and...