October 24, 2016
After enjoying explosive growth in South Korea since its local launch in 2013, Airbnb is rolling up its sleeves to clean out the inventory — putting seven in 10 of its 19,000 listings at risk of deletion. According to local news reports, the global home-sharing platform is complying with Korean law and beginning to clamp down on illegal listings in the country. It vowed last week to wipe out illegal listings by Nov. 15 — a hefty task considering the number of ways the law can be violated….
Source: http://www.forbes.com/sites/elaineramirez/2016/10/24/airbnb-could-wipe-out-70-of-its-south-korea-listings-by-next-month/#51e63c66efb2
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