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cubanlord
Joined: 08 Jul 2005
Location: In Japan!
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 Posted: Tue Apr 27, 2010 12:10 am Post subject: Wow! Just....WOW! |
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http://www.koreatimes.co.kr/www/news/nation/2010/04/117_64888.html
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Court Orders Closure of Serviced Residences
By Lee Hyo-sik
Staff Reporter
Somerset Palace and other serviced residences here face closure as the nation's top court ruled Monday that their use of commercial properties as lodging facilities violates related construction and public sanitation laws.
The ruling sent a shockwave to the serviced residence industry that operates more than 20,000 rooms across the country. It may also cripple Korea's hosting of the G-20 Summit and other planned major international events as hotels here do not have enough rooms to accommodate all the visitors.
The Supreme Court ruled that serviced residences' use of commercial properties as accommodation facilities like hotels is unlawful, imposing 7 million won ($6,300) in fines on each of eight serviced residences and their CEOs.
In 2006, the Korea Hotel Association, the lobbying group for hotels, filed a complaint with the prosecution against serviced residences, claiming they violate the law by using commercial buildings as lodging facilities for both Koreans and foreigners.
Lower courts ruled against serviced residences in 2008 and 2009, but they appealed to the country's highest court.
Operators of serviced residences argue that the ruling is unfair, given the vague distinction between real estate leasing and lodging businesses, and different profit structures between hotels and residences.
"According to the court ruling, templestays, homestays and other accommodation services have to be registered as a lodging business. But they are not and yet, they are running business as usual," the Korea Serviced Residence Association's Kim Sung-hwan said. "It is unfair to single out serviced residences among many types of accommodation facilities."
Kim is also the CEO of Somerset Palace Seoul.
He said the earnings structure of serviced residences is different from that of hotels as they solely depend on room rents, while hotels also make money by running restaurants, wedding halls and other additional facilities.
The serviced residence sector has been lobbying lawmakers and government agencies to revise the law concerning the nation's leisure and hospitality industries in a bid to be recognized as legitimate.
Serviced residences and hotels have been waging a battle against each other ever since the former were established.
Residences have taken many business travelers away from hotels over the years. In response, hotels took serviced residences to court and launched campaigns to attract the lost customers back.
But the serviced residence industry has been expanding rapidly in line with a growing number of incoming foreign businessmen and travelers, who normally stay longer than a month.
Serviced residences are similar to an ordinary house, offering spacious living and dining areas equipped with a kitchen, washer and dryer and other amenities.
Additionally, a wide variety of leisure facilities, such as gymnasiums, outdoor swimming pools, Jacuzzis and barbecue pits are available on site.
[email protected] |
I've stayed at the Somerset numerous times. I can't believe that they are going to close it along with a gangload of others! And to think that they want to increase foreign investments and host the G20? LOL!  What are YOU thinking Korea? This flies in the face of being an "international hub". |
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Forever
Joined: 12 Nov 2009
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| Posted: Tue Apr 27, 2010 12:19 am Post subject: Re: Wow! Just....WOW! |
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| cubanlord wrote: |
http://www.koreatimes.co.kr/www/news/nation/2010/04/117_64888.html
| Quote: |
Residences have taken many business travelers away from hotels over the years. In response, hotels took serviced residences to court and launched campaigns to attract the lost customers back.
But the serviced residence industry has been expanding rapidly in line with a growing number of incoming foreign businessmen and travelers, who normally stay longer than a month.
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I can't believe that they are going to close it along with a gangload of others! |
I doubt they will be closed down.
The court wanted some money - they got it in X 7mil won fines.
The service residences just have to register as "lodging facilities" and pay the proper fees to be a "lodging facility.
hence to stay at Sommerset Palace will be more expensive, which is what the hotels wanted (competition)
Sommerset Palaces exist in many Asian countries (franchise residences) managed by The Ascott Limited which is a wealthy and powerful Hotel group. They have to stop cutting corners and register as a "lodging". |
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Manuel_the_Bandito
Joined: 12 Sep 2009
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| Posted: Tue Apr 27, 2010 12:30 am Post subject: |
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| I can think about bigger mind-blowing things in this country without having to think too hard. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Tue Apr 27, 2010 12:52 am Post subject: |
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| Lower courts ruled against serviced residences in 2008 and 2009, but they appealed to the country's highest court |
basically means that the highest court is where the most corrupt officals reside and they can be easily bribed! |
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ashland
Joined: 05 Dec 2008
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| Posted: Tue Apr 27, 2010 1:08 am Post subject: Re: Wow! Just....WOW! |
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| cubanlord wrote: |
http://www.koreatimes.co.kr/www/news/nation/2010/04/117_64888.html
| Quote: |
Court Orders Closure of Serviced Residences
By Lee Hyo-sik
Staff Reporter
Somerset Palace and other serviced residences here face closure as the nation's top court ruled Monday that their use of commercial properties as lodging facilities violates related construction and public sanitation laws.
The ruling sent a shockwave to the serviced residence industry that operates more than 20,000 rooms across the country. It may also cripple Korea's hosting of the G-20 Summit and other planned major international events as hotels here do not have enough rooms to accommodate all the visitors.
The Supreme Court ruled that serviced residences' use of commercial properties as accommodation facilities like hotels is unlawful, imposing 7 million won ($6,300) in fines on each of eight serviced residences and their CEOs.
In 2006, the Korea Hotel Association, the lobbying group for hotels, filed a complaint with the prosecution against serviced residences, claiming they violate the law by using commercial buildings as lodging facilities for both Koreans and foreigners.
Lower courts ruled against serviced residences in 2008 and 2009, but they appealed to the country's highest court.
Operators of serviced residences argue that the ruling is unfair, given the vague distinction between real estate leasing and lodging businesses, and different profit structures between hotels and residences.
"According to the court ruling, templestays, homestays and other accommodation services have to be registered as a lodging business. But they are not and yet, they are running business as usual," the Korea Serviced Residence Association's Kim Sung-hwan said. "It is unfair to single out serviced residences among many types of accommodation facilities."
Kim is also the CEO of Somerset Palace Seoul.
He said the earnings structure of serviced residences is different from that of hotels as they solely depend on room rents, while hotels also make money by running restaurants, wedding halls and other additional facilities.
The serviced residence sector has been lobbying lawmakers and government agencies to revise the law concerning the nation's leisure and hospitality industries in a bid to be recognized as legitimate.
Serviced residences and hotels have been waging a battle against each other ever since the former were established.
Residences have taken many business travelers away from hotels over the years. In response, hotels took serviced residences to court and launched campaigns to attract the lost customers back.
But the serviced residence industry has been expanding rapidly in line with a growing number of incoming foreign businessmen and travelers, who normally stay longer than a month.
Serviced residences are similar to an ordinary house, offering spacious living and dining areas equipped with a kitchen, washer and dryer and other amenities.
Additionally, a wide variety of leisure facilities, such as gymnasiums, outdoor swimming pools, Jacuzzis and barbecue pits are available on site.
[email protected] |
I've stayed at the Somerset numerous times. I can't believe that they are going to close it along with a gangload of others! And to think that they want to increase foreign investments and host the G20? LOL! What are YOU thinking Korea? This flies in the face of being an "international hub". |
those judges making that decision are smarter than you are and do know the decision won't affect the international event like the g20... so there's nothing to LOL about. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Tue Apr 27, 2010 3:56 am Post subject: |
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| OP, please don't ever become a headline writer. |
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Hyeon Een
Joined: 24 Jun 2005
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| Posted: Tue Apr 27, 2010 11:02 pm Post subject: |
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Please stay *ON TOPIC*.
As stated in the thread title this topic is for talk about World Of Warcraft ONLY. Keep the hotel talk where it belongs. |
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Moldy Rutabaga
Joined: 01 Jul 2003
Location: Ansan, Korea
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| Posted: Wed Apr 28, 2010 12:04 am Post subject: |
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And I thought the thread was about women on wom--- well, I probably just shouldn't write that. 
It's hard enough to find a place to stay for tourists here. Are the hoteliers going to go after the love motels next? |
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