South Korea's Ministry of Culture, Sports and Tourism on Friday began enforcing sweeping anti-scalping regulations that expose ticket resellers to administrative penalties of up to 50 times their total sales and introduce cash rewards for tipsters who report violations. The enforcement decrees, which are amendments to the Performance Act Enforcement Decree and the National Sports Promotion Act Enforcement Decree, took effect Friday, six months after the parent statutes were revised in February.
Ticket resellers can face administrative penalties of up to 50 times their total sales.
Cash rewards are offered to tipsters who report violations of the new regulations.
The regulations began enforcement on Friday, six months after the statutes were revised in February.
The amendments relate to the Performance Act Enforcement Decree and the National Sports Promotion Act Enforcement Decree.