S. Korea to adopt tougher penalties for overcharging in tourism sector

South Korea plans to impose tougher penalties for overcharging in the accommodation and restaurant sectors starting next month as part of the government's efforts to promote tourism, the finance ministry said Tuesday.

The Cabinet approved revisions to the Enforcement Decree of the Tourism Promotion Act aimed at imposing heavier penalties for overcharging tourists, which will take effect Aug.

4, according to the Ministry of Finance and Economy.

Under the revision, operators of businesses offering ...