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South Korea is ideal country for ticket scalping, says Record Label Industry Association of Korea

South Korea is ideal country for ticket scalping, says Record Label Industry Association of Korea Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Soult Ukpyolsi South Korea South Korean Record Label Industry Association Of Korea Record Label Industry Association Chairman Yoon Dong Hwan

Ticket scalping thrives in South Korea | Borneo Bulletin Online

SEOUL (ANN/THE KOREA HERALD) – South Korea’s legal framework struggles to effectively enforce ticket scalping regulations, as highlighted by Chairman Yoon Dong-hwan of the Record Label Industry Association of Korea.  His comments come in response to the association’s latest report examining ticket scalping laws in seven foreign countries, including Japan, China, Taiwan, the US, Canada, […]
South Korea Soult Ukpyolsi Record Label Industry Association Of Korea Chairman Yoon Dong Hwan Record Label Industry Association Will To Power

S. Korea is ideal country for ticket scalping, says Record Label Industry Association of Korea

South Korean laws have limited scope in enforcing ticket scalping regulations, according to the Record Label Industry Association of Korea's Chairman Yoon Dong-hwan, who spoke in response to the association's recent report on ticket scalping laws in several foreign countries. The report, published Tuesday, compares the ticket scalping policies and laws of seven countries -- Japan, China, Taiwan, the US, Can...
South Korea South Korean Record Label Industry Association Of Korea Record Label Industry Association Chairman Yoon Dong Hwan Yoon Dong Hwan

Combating ticket scalping with innovative measures | Borneo Bulletin Online

(ANN/KOREA HERALD) – Amid the persistent issue of ticket scalping plaguing South Korea’s music scene, artists are implementing innovative measures to protect fans from exorbitant prices. Singer Jang Beom-jun announced the adoption of blockchain technology for ticket sales at his upcoming concert, selling tickets as non-fungible tokens to deter resale. This move comes after Jang’s […]
South Korea Jang Beom Jun Record Label Industry Association Of Korea Sung Si Kyung Lim Young Woong Record Label Industry Association

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K-pop stars use NFT, fan reward systems to fight ticket scalping

With ticket scalping plaguing the local music scene, South Korean singers are adopting various methods to prevent fans from having to pay extortionate sums for concert tickets Singer Jang Beom-jun recently announced that the ticket sales for his concert next month will be using the blockchain system, with the tickets being sold as non-fungible tokens that cannot be sold to anyone but the initial buyer. Jang had sold ...
South Korea South Korean Jang Beom Jun Record Label Industry Association Of Korea Lim Young Woong Record Label Industry Association

Ticket scalping trend widens | Borneo Bulletin Online

SEOUL (ANN/THE KOREA HERALD) – Illegal ticket sales are rampant in South Korea, spanning music, performing arts, and even reservations for hotels, restaurants, and popular services nationwide.  On Joonggonara, a second-hand sales website, a post advertised a meal reservation for two at a high-end sushi restaurant in Gangnam’s Cheongdam-dong for KRW540,000 (USD410) — KRW100,000 above […]
South Korea Soult Ukpyolsi Gangnam Cheongdam Dong Record Label Industry Association Of Korea Karrot Market Christmas Eve

Ticket scalping expands beyond music to anything that can be bought

South Korea is being plagued by illegal ticket sales ranging from music and other forms of performing arts to reservations for hotels, restaurants and popular services all throughout the country. An online post on Joonggonara, a website for secondhand sales, offered a reservation for a meal for two at a high-end sushi restaurant in Gangnam's Cheongdam-dong, an affluent region in southern Seoul, for 540,000 won (...
South Korea Soult Ukpyolsi Gangnam Cheongdam Dong Record Label Industry Association Of Korea Karrot Market Christmas Eve

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