South Korea's Ministry of Finance said on Tuesday that as part of the government's measures to promote tourism development, South Korea plans to implement harsher penalties for excessive charging in the lodging and catering industry starting next month. The Cabinet has approved amendments to the implementing regulations of the Tourism Promotion Law, which will take effect on August 4.

South Korea's Ministry of Finance said on Tuesday that as part of the government's measures to promote tourism development, South Korea plans to implement harsher penalties for excessive charging in the lodging and catering industry starting next month. The Cabinet has approved amendments to the implementing regulations of the Tourism Promotion Law, which will take effect on August 4.