'BTS Busan Concert' Crackdown on Overpriced Accommodations Underway: "We Will Monitor Closely"

*This content was translated by AI.

Ahead of the BTS Busan concert, the Fair Trade Commission (Korea Fair Trade Commission) and the Korea Consumer Agency (Consumer Agency) issued a "Consumer Damage Prevention Advisory on Overpriced Accommodation Fees" on the 29th in collaboration with the Busan Consumer Council.

On this day, the Fair Trade Commission and the Consumer Agency urged consumers to take photos or otherwise record accommodation fee tables posted by businesses and verify whether they are being charged amounts higher than those listed on the fee tables. They emphasized that "consumers should not accept additional payment demands from accommodation providers after paying the contract price and must thoroughly keep reservation confirmations or reservation details."

If consumer damage occurs during the reservation or usage process, such as when an accommodation provider requests a cancellation or unilaterally terminates a contract without consent, consumers can seek counseling and damage relief through the 1372nd Consumer Counseling Center, the 1330th Tourism Information Call Center, or Consumer24, provided they have transaction records and supporting documents.

The Fair Trade Commission and the Consumer Agency announced that, taking this BTS concert as an opportunity, they will closely monitor whether unfair trade practices such as collusion occur to ensure that domestic and foreign fans visiting Busan can trade with peace of mind. In particular, they explained that actions by businesses to set price floors under the pretext of sharing price information to determine prices or avoiding price wars may constitute collusion under the Fair Trade Act.

The Fair Trade Commission and the Consumer Agency stated that they will strengthen monitoring of practices such as forcing the sale of products or services as a bundle or coercing transactions, as these can disrupt market order and infringe upon consumers' right to autonomous choice. They also announced that strict measures will be taken against any violations of the law that are discovered.

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*This content was translated by AI.