By Lee Hyo-sik
Individuals who hoard train tickets in advance and sell them at higher prices later on- and offline will face fines of up to 10 million won, beginning Thursday.
Korail, the state-run railroad operator, said that a revised Train Business Act went into effect, banning the resale of train tickets at higher prices.
The company said it previously had no means to punish scalpers who make large purchases of train tickets through various discount programs to sell them later at inflated prices on the Internet.
“Beginning Thursday, those who illegally distribute train tickets for profit will be financially penalized. We will actively crack down on the illicit trade of train tickets. Passengers should also refrain from buying tickets from scalpers,’’ a Korail official said.