South Korea cracks down on wedding industry amid consumer complaints

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

México Noticias Noticias

México Últimas Noticias,México Titulares

Couples reported spending an additional 1.44 million won (S$1,400) beyond their initial budget due to hidden fees.

SEOUL - Amid longstanding controversy over excessive fees and a lack of transparency in the wedding industry, the South Korean government said it has mandated changes to contract terms at 18 major wedding planning firms.

Under the change, FTC has ordered these wedding agencies to disclose the prices of all elements of these wedding packages, including any additional fees and cancellation charges. The revised rule also addresses issues with excessive cancellation policies, which FTC said weigh unreasonably on consumers. Specifically, some clauses require 20 per cent of the total price of a package wedding to be paid as a deposit, which is non-refundable under any circumstances if the contract is cancelled. Under the new guidelines, wedding planners must offer cancellation policies in compliance with the law and stipulate penalty fees based on the timing of service use.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 8. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Retail investors lose life savings as record defaults hit China’s $1 trillion local debt marketRetail investors struggle to get repaid despite state support.
Fuente: The Straits Times - 🏆 8. / 63 Leer más »