Price Gouging on Stage: South Korea's Crackdown on Unfair Hotel Practices South Korea has introduced measures to curb price gouging by hotels and Airbnb hosts ahead of major events, such as concerts and festivals.
This move comes after years of complaints from tourists and locals about being fleeced by accommodation providers who hike prices or cancel reservations at the last minute.
The proposed laws require accommodation providers to disclose prices upfront and ban unreasonable price increases and reservation cancellations.