Ticket scalpers face fines of up to 50 times sale price

South Korea announced plans to impose fines of up to 50 times the sale price on individuals involved in illegal ticket resale for concerts and sporting events, as part of a crackdown on ticket scalping. The culture ministry said that the new measures, set to take effect on Friday, will also provide rewards of up to half of the fine imposed on a scalper for reporting illegal ticket buying or resale.

The revised enforcement decrees for the Public Performance Act and the National Sports Promotion Act prohibit buying tickets with the intention of reselling them, as well as selling them at inflated prices, regardless of whether automated software was used. Ticket sellers and online platforms are required to take steps to prevent illegal buying and resale, including verifying users' identities, operating reporting systems, and limiting the visibility of posts linked to suspected illegal transactions.

The government said that designated reporting bodies will be allowed to request information about suspected scalpers, including the identity of people who posted ticket-sale listings and internet access records.

Brief written by urgent.news from Yonhap News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.