SEOUL, Dec. 6 (Korea Bizwire) – South Korean households’ overseas spending rose 16.8 percent in the third quarter from a year earlier on increased outbound travel to foreign countries, the central bank said Tuesday. South Korean households spent 8.21 trillion won (US$7 billion) overseas in the July-September period, compared with 7.03 trillion won in the [...]
SEOUL, Dec. 2 (Korea Bizwire) – The Ministry of Government Administration and Home Affairs has ruled in favor of Seoul’s COEX area in Gangnam as the ultimate destination for Korea’s first “free outdoor billboard display zone”. In line with the decision, the region will be turned into a neighborhood similar to Manhattan’s Times Square, with [...]
SEOUL, Dec. 2 (Korea Bizwire) – The number of South Korean overseas tourists rose in November from a year earlier despite the offseason, industry data showed Friday, sparking concern over the country’s continued tourism deficit. Hana Tour Co., the nation’s largest travel agency, said some 242,000 South Koreans traveled abroad through the company last month, [...]
SEOUL, Dec. 1 (Korea Bizwire) – Despite the number of pet owners rapidly increasing in Korea, nearly half of them were found to have given up on travel with their animal companions. According to Skyscanner’s recent survey of domestic pet owners, 48 percent said they had given up on traveling with their pets due to [...]
SEOUL, Nov. 29 (Korea Bizwire) – The latest economic report by the Bank of Korea indicated that budget accommodations have grown increasingly popular this year on Jeju Island, one of the most popular holiday destinations in South Korea. According to the report, total hotel revenue increased by only 1.8 percent to 58 billion won ($49.5 [...]
SEOUL, Nov. 25 (Korea Bizwire) – South Korea on Friday launched a new premium express bus service with nearly flat seats that will provide long distance travelers with first-class comfort and experience. The new premium bus has 21 passenger seats, instead of 28 in previous premium models, allowing each seat to recline up to 160 [...]
INCHEON, Nov. 22 (Korea Bizwire) – The Port of Incheon, a major port on Korea’s western coastline, is seeing fewer visits from Chinese cruise ships, a disappointment for local officials who hoped that it would grow more popular with an increasing number of Chinese tourists. According to the Incheon Port Authority, 18 cruise ships from [...]
SEOUL, Nov. 21 (Korea Bizwire) – The number of foreigners who visited South Korea in the first 10 months of this year jumped 33.1 percent from a year ago, breaking the previous record high in 2014, the state-run tourism agency said Monday. A total of 14.59 million foreigners visited the nation in the January-October period, [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korea will step up efforts to attract more cruise travelers from inner cities of mainland China to tap deeper into the promising market, the state-run tourism agency said Thursday. The Korea Tourism Organization (KTO) will hold a presentation in the northwestern Chinese city of Xian from Saturday to [...]
SEOUL, Nov. 14 (Korea Bizwire) – The 2016 “vacation deprivation” survey by Expedia revealed that Korea again ranks last in terms of the number of paid vacation days its employees take, for the sixth consecutive year. The survey was based on 9,424 employed adults from 28 countries. According to Expedia, Koreans only took eight days [...]