Seoul City Cracks Down on Hoarding of Health Supplies Such as Masks

On the 30th, as the threat of the novel coronavirus continues, customers are purchasing masks and hygiene products at a large supermarket in Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Lee Gwan-ju] The Seoul Metropolitan Government announced on the 31st that it will crack down on hoarding of health products such as masks. This measure comes in response to price increases and shortages of related products caused by the spread of the novel coronavirus infection (Wuhan pneumonia).

The city plans to monitor price trends and supply status of masks, hand sanitizers, and hand cleansers mainly at offline stores such as pharmacies, convenience stores, and marts, in cooperation with autonomous districts and consumer organizations. Additionally, it explained that it has requested sellers to correct unfair price hikes or to refrain from raising prices on online shopping malls.

For online transaction damage consultations, contact the Seoul Electronic Commerce Center (02-2133-4891~7), and for offline damage consultations, contact the Consumer Life Center (1372 or 02-2133-1214). Those caught hoarding may face imprisonment of up to 2 years or a fine of up to 50 million won.

This content was produced with the assistance of AI translation services.