Only 53% of wedding and wedding hall companies disclose price information... 47% are still in the dark
Crackdown on companies that fail to comply with important information notice amid concerns about damage to prospective couples
Quick Look
- The Fair Trade Commission monitored 568 wedding service companies and found that 47% did not disclose important price information, and imposed a fine of 15.6 million won on 17 companies.
- The Fair Trade Commission plans to operate a reporting center and take additional guidance procedures through monitoring next year.
AI-generated summary
Why It Matters
The Fair Trade Commission monitored whether wedding halls and wedding preparation agencies disclosed important information such as prices. In accordance with the Labeling and Advertising Act, business operators must display details and fees for each basic service and optional items, penalties for contract termination, refund standards, etc. on their website, Korea Consumer Agency's participation price, and contract cover.
While studio/photography, de (dress), makeup (make-up) companies and wedding hall companies are omitting additional fee information, causing damage to prospective couples, it has been found that nearly half of the related companies still do not properly announce price information.
The Fair Trade Commission announced on the 5th that as a result of monitoring whether 568 wedding hall businesses (418) and wedding planning agencies (150) disclosed important information such as prices, a total of 301 businesses (53.0%), including 244 wedding halls and 57 wedding agencies, disclosed important information such as prices.
This monitoring was carried out by the Fair Trade Commission visiting businesses in the wedding service sector where many consumer losses occurred due to so-called 'blind contracts', checking whether prices, etc. were disclosed, and encouraging them to comply with important information notices.
According to the Labeling and Advertising Act, these businesses must display important information, such as details and fees for basic services and optional items, penalties for contract termination, and refund standards, on the website or at one of the Korea Consumer Agency's participating prices and on the contract cover.
Still, 47% of companies do not disclose important price information.
Although price information, such as participation price, is disclosed online, there are companies that incompletely comply with their display obligations, such as omitting some important information from the contract cover or providing separate explanatory materials instead of the contract cover, making it difficult to determine the actual price information.
The Fair Trade Commission decided to continue to encourage these companies to conduct regular monitoring and implementation.
In addition, we plan to include non-compliant companies in next year's monitoring list and take additional guidance procedures.
The Fair Trade Commission also added that as a result of intensively inspecting 50 major business operators across the country for compliance with the Important Information Notice since August, it was found that 17 business operators did not display basic services and details and fees for each item on the contract cover or participation price website, and imposed a total fine of 15.6 million won.
In order to ensure that price information in the wedding sector is disclosed transparently, the Fair Trade Commission has established and is operating a 'Report Center dedicated to violations of the Important Information Notice in the Marriage Field' on the main screen of the Fair Trade Commission's website from the 2nd.
An official from the Fair Trade Commission said, "We will continue to focus our efforts on sequentially checking whether businesses in the wedding service field are violating important information notices to alleviate the financial burden on prospective couples."
What to Watch
AI outlook — possibilities, not facts
The Fair Trade Commission will include non-compliant companies in its monitoring list next year and take additional guidance procedures.
Likely · Within months
The Fair Trade Commission will intensively inspect compliance with important information notices targeting 50 major businesses nationwide.
Likely · Within months
Open Questions
- What are the specific names of the 17 companies that were fined?
- What is the exact number of non-compliant companies that will be monitored next year?
- How many violation reports are received through the reporting center?
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