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Fair Trade Commission to Take Legal Action Against AirBnB Over Strict Refund Policy

Fair Trade Commission to Take Legal Action Against AirBnB Over Strict Refund Policy

SEJONG, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission announced on Thursday it will take legal action against AirBnB after the online accommodations giant ignored its demand to comply with a correction order regarding its strict refund policy for South Korean clients. According to the Fair Trade Commission (FTC), AirBnB has failed to fully [...]

Foreigners Traveling South Korea via Airbnb Up 130% in 2016

Foreigners Traveling South Korea via Airbnb Up 130% in 2016

SEOUL, June 5 (Korea Bizwire) – Airbnb Inc. said Monday about 510,000 foreigners visited South Korea last year using its room-sharing platform in the latest sign of its growing popularity. The figure represents a 130-percent hike from 220,000 recorded in 2015, the website operator said. Separately, about 500,000 South Koreans also used Airbnb in traveling [...]

Unreported Airbnb Rentals Ruled to be Illegal

Unreported Airbnb Rentals Ruled to be Illegal

SEOUL, Sept. 24 (Korea Bizwire)-Airbnb, the world’s largest accommodations sharing service, was ruled to be illegal by a Korean court for the first time. Airbnb is a service that acts as an intermediate between a person wishing to sublet their property and those looking for accommodations, and receives commission in return. It is one of [...]

BnbHero Signs Partnership with Chinese, French Operators

BnbHero Signs Partnership with Chinese, French Operators

SEOUL, Korea, Mar 17, 2014 (Korea Bizwire) – BnbHero, Korea’s Airbnb-like service, has signed on March 11 a tripartite agreement with Youtx.com of China and MorningCroissant of France to cooperate in sharing information. Youtx.com and MorningCroissant are the biggest accommodations sharing sites in respective countries. Under the terms of the agreement, BnbHero will provide Korean [...]

Seoul Gov’t to Step up Urban Homestay Business for Homeowners

Seoul Gov’t to Step up Urban Homestay Business for Homeowners

SEOUL, Korea, Sep 06 (Korea Bizwire) – Ahead of the fall tourism peak season, the Seoul city government will seek to encourage homeowners to rent out their extra rooms to foreign tourists visiting the city. The city’s policy makers expect that the measure would relieve the problem of hotel room shortages while at the same [...]