Korea: Penalties on air ticket cancellation lessened

Those who cancel their international air ticket will not be levied penalty as long as they cancel it 91 days before departure. The Fair Trade Commission said Wednesday that it revised contracts of the 7 local airlines regarding cancellation of air tickets. They are Korean Air, Asiana Airlines, Jeju Air, Air Busan, Eastar Jet, Jin Air and T'way Air. They have been levying fixed rate of cancellation fees on air tickets, regardless of when the passenger cancels the air tickets. After the revision, however, they will be levying different rates of cancellation fees, depending on when the cancellation is made. The cancellation made at least 91 days before departure, for instance, won't be levied any cancellation fee, while cancellations made with 90 days or less left until departure will be levied different rates of fees. <br/>