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Investments in caravan camping in South Korea result in losses

17.06.2026 01:26 1 min 2 sources
SBS NEWS KOR + 1 more
Investments in caravan camping in South Korea result in losses
© SBS NEWS

In Brief

In South Korea, the owner of a land investment company has been referred to prosecutors on fraud charges. He attracted about 30 investors by promising 40% returns from investments in a caravan camping site in South Chungcheong Province, but no caravans were installed on the promised plots.

In South Korea, the owner of a well-known land investment company has been referred to prosecutors on fraud charges. He attracted about 30 investors by promising 40% returns from investments in a caravan camping site in South Chungcheong Province. The total confirmed investment amount is 3 billion won (about $2.1 million).

One investor, who invested 700,000 won, received no returns for three years. No caravans were installed on the promised plots: the area was overgrown with bushes, and the mountains were not cleared. The 700 sq. m plot was not equipped, and construction permits were not obtained.

Local authorities said they would review the legality of the project. The company representative had previously published books and conducted online and offline lectures promoting the investments.

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Story sources

Investment in caravan camping leads to losses

17.06.2026 SBS NEWS KOR Original source

Investment in caravan camping site yields losses instead of promised profits

16.06.2026 ????Ʈ ???? KOR Original source

🇰🇷 South Korea — fuel prices

Updated: 13.06.2026

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$1.33 /l

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$1.33 /l

KRW2,009.94 · €1.15/l

54 of 134

cheaper than 60% of countries

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$0.73 /l

KRW1,101.84 · €0.63/l

11 of 48

cheaper than 79% of countries

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