A restaurant in Seoul is seen empty, July 24. Yonhap
The ceiling for no-show penalties at reservation-based superb eating eating places will likely be raised to 40 p.c of the preordered menu, the antitrust regulator stated Thursday.
Any more, advance reservation-based upscale eating places, reminiscent of omakase institutions, will likely be allowed to cost a no-show charge of as much as 40 p.c of the worth of menu objects for which shoppers made reservations, in accordance with the Honest Commerce Fee (FTC).
Beforehand, such eating places might solely impose a most 10 p.c cancellation charge for no-shows.
For normal walk-in eating places, the penalty could also be set at as much as 20 p.c of the full quantity charged.
The FTC stated it revised the penalty pointers contemplating that price ratios within the meals service business are usually round 30 p.c.
The watchdog additionally revised up the penalty pointers for the marriage business, permitting wedding ceremony venue operators to cost as much as a 70 p.c penalty of the full price for cancellations on the day of the occasion, 50 p.c for these made one to 9 days prior and 40 p.c for these made 10 to 29 days earlier than the marriage.
However, when the venue operators cancel reservations, they need to reimburse 70 p.c of the full price to customers if the cancellation happens 29 days or much less previous to the marriage, and 35 p.c earlier than that.
