GENERAL TERMS AND CONDITIONS
Any property or service that is agreed between KR H&E and client is solidified in a detailed legal document, the Agreement.
2. Rates & validity
All rates are NET and non-commissionable. The prices are based on fares and other costs prevailing at the time of publication and therefore subject to reconfirmation at the time of booking. In order to secure the reservation, a non-refundable deposit should be paid.
3. Currency Fluctuations
Rates are based on a certain currency level. Should, at time of payment, the official exchange rate be within 5% variance range, the due payment amounts as specified shall remain in force;
Should, at time of payment, the official exchange rate in excess of 5% variance range, the amount of such payment shall be modified either as increase or decrease.
4. Terms of Payment
Payment terms are set according to a specific agreement with the client. The full sum should be received on our bank account at least 30 days prior to the commencement of the service.
Bank: SHINHAN BANK
Account Holder: KR Hospitality & Events
Company address: Jongno-gu, Dongsoonra-gil 60-7 402-ho, SEOUL, SOUTH KOREA
Bank address: 120, 2-ga Taepyung-ro, Chung-gu, SEOUL, SOUTH KOREA
5. Cancellation policy
In case the IOC (International Olympic Committee) officially announces the cancellation of the Olympic Games, client reserves the right to cancel the Agreement and get the paid deposit refunded.
6. Force Majeure
KR H&E will not be liable for any default or delay in the performance of its obligations, to the extent that such default or delay is caused, directly or indirectly, by an event beyond the reasonable control of KR H&E such as, but not limited to: fire, flood, earthquake, elements of nature, acts or regulations of government bodies, court orders, acts of war, terrorism, riots, civil disorders, rebellions or revolutions. Such event or circumstance giving rise to the default or delay is a Force Majeure Event.
KR H&E Co., Ltd, is a Korean based company registered under business registration number 180-88-00342. KR H&E Co., Ltd. is member of the Seoul MICE Alliance (SME) and active member of ISTAA.