770,000 KRW per night ... Accommodation prices in Busan jump more than 10 times, again, as soon as BTS concert was announce

SOURCE: [단독]1박에 77만원···BTS 공연 소식 뜨자마자 부산 숙박비 '또' 10배 넘게 올랐다

Following news that BTS will hold a concert in Busan this June, some local accommodations have set unreasonably high prices during the concert period. In Busan, overcharging by certain businesses ha repeatedly become an issue whenever large-scale concerts or major events are held. However, this time, the phenomenon is being observed across the entire city because the specific concert venue has not yet been announced. Although Busan Metropolitan Government is aware of this problem that recurs every year, they have not been able to take active measures, stating, "There is no way to prevent private businesses from setting their own prices."

According to industry sources on the 15th, accommodation prices for June 12 and 13, when the BTS concert will be held, have skyrocketed. One establishment in Dongnae-gu, a room that cost 68,000 KRW on June 10 jumped to 769,000 KRW on June 12 and 13. Another establishment in Gijang-gun, a room that cost 98,000 KRW on June 10 rose to 502,000 KRW on June 12 and 431,000 KRW on June 13. In the Seomyeon area of Bujeon-dong, Busanjin-gu, an accommodation that cost 300,000 KRW on June 11 raised its price to 932,000 KRW the following day.

This is not the first time accommodation overcharging has become a problem in Busan. When BTS held a concert in the city to support Busan's bid to host the World Expo in 2022, room rates in areas near the venue skyrocketed. Similarly, complaints have also surfaced during the Busan Fireworks Festival at Gwangalli Beach in Suyeong District. Tourists voiced their frustration over the overcharging on social media.

Perhaps due to these controversies, President Lee Jaemyung ordered officials to come up with measures against overcharging and emphasized the need to revitalize local tourism. At the time, the president said, "Overcharging causes more harm to the surrounding areas than people might think. We need to study the issue and come up with solutions."

Despite the recurrence, Busan Metropolitan Government has yet to come up with an effective solution. The reason is that they can't intervene in the pricing decisions made by private businesses. Director of Busan's Tourism and MICE Bureau, Na Yoonbin, said, "Since there is essentially no way to penalize these businesses, we plan to visit local district offices, tourism associations, and individual businesses to provide guidances. We expect that this will be able to curb the overcharging to some extent."

1. [+401][-2] ARMYs, for 770,000 KRW you might as well take a taxi to Seoul. You'll still even have money left!!!!!

2. [+302][-2] What is Park Hyungjoon doing? We elected the most incompetent mayor ever in the history. What did we expect? These people have no self-sufficiency. They just show their beggar mentality and try to make easy money the moment they hear BTS is coming. That's why they will never succeed no matter what they do.

3. [+237][-8] Don't be stupid. Just don't go there.