cancellation Archives | Be Korea-savvy
Organizer of Canceled Tulip Fest to Remove All Flowers to Block Tourists

Organizer of Canceled Tulip Fest to Remove All Flowers to Block Tourists

SHINAN, Feb. 25 (Korea Bizwire) — Shinan, a southwestern county composed of about 1,000 islands, on Thursday announced a decision to cancel its nationally famous spring tulip festival, in-person as well as online, for the second year in a row due to coronavirus fears. The South Jeolla Province county, about 390 kilometers south of Seoul, [...]

Philips Completes Cancellation of 8.54 Million Shares

Philips Completes Cancellation of 8.54 Million Shares

Amsterdam, the Netherlands, Dec. 24 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it has completed the cancellation of 8,541,356 of its shares. The cancelled shares were acquired as part of Philips’ EUR 1.5 billion share repurchase program that started in the first quarter of 2019. Further details on the repurchase program can be [...]

Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal

Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal

SEOUL, Korea, May 1, 2014 (Korea Bizwire) – Wedding halls will now have to break away from the widespread practice of “exploiting” the deposit money even when couples cancel their bookings months before their wedding day. Furthermore, wedding halls are now banned from charging excessive cancellation fees when newlyweds call off the reservation close to the wedding [...]