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S. Koreans Traveling More but Spending Less

S. Koreans Traveling More but Spending Less

SEOUL, Feb. 20 (Korea Bizwire) — South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures of US$31.97 billion, the highest since recordkeeping began in 2006. Past figures show increases from $15 billion in 2009 to [...]

Seoul to Offer Vacation Subsidy to Low Income Earners

Seoul to Offer Vacation Subsidy to Low Income Earners

SEOUL, Feb. 19 (Korea Bizwire) — The Seoul government said Tuesday it will offer a vacation subsidy of 250,000 won (US$222) to 2,000 low-income workers this year, as part of an effort to reinvigorate the stagnant local tourism sector. The Seoul metropolitan government will begin accepting applications for the vacation subsidy in March from among [...]

Jeju Should Develop New Strategies to Address Decreasing Tourist Numbers: Experts

Jeju Should Develop New Strategies to Address Decreasing Tourist Numbers: Experts

JEJU, Feb. 8 (Korea Bizwire) — Tourism industry analysts are calling on the government to develop new strategies to meet various demands of South Korean and foreign tourists visiting Jeju Island. Jeju Island and the Jeju Tourism Organization released a status report on Thursday, arguing that Jeju should go beyond its current tourism model in [...]

S. Korea to Spend 13 tln Won by 2030 to Stimulate Development of Border Areas

S. Korea to Spend 13 tln Won by 2030 to Stimulate Development of Border Areas

SEOUL, Feb. 7 (Korea Bizwire) — South Korea plans to spend over 13 trillion won (US$11.6 billion) over the next decade to expand infrastructure areas that border North Korea, including the Demilitarized Zone (DMZ), for closer inter-Korean exchanges, the government said Thursday. The Ministry of the Interior and Safety said the government’s Border Area Policy [...]

Duty-free Sales from Japanese Visitors Up Despite Military Tension

Duty-free Sales from Japanese Visitors Up Despite Military Tension

SEOUL, Jan. 27 (Korea Bizwire) — South Korean duty-free stores saw their sales from Japanese consumers rise sharply on-year in January despite the on-going military tension between the two countries, apparently on the back of the strong Japanese yen, industry sources said Sunday. Sales from Japanese consumers at a Lotte Duty Free shop in Seoul’s [...]

Asian Tourists Favor Myeongdong but Americans, Europeans Prioritize Palaces in Seoul: Study

Asian Tourists Favor Myeongdong but Americans, Europeans Prioritize Palaces in Seoul: Study

SEOUL, Jan. 25 (Korea Bizwire) — Foreign tourists have varying tastes when it comes to sightseeing spots in Seoul, depending on their nationality, a research paper showed Friday. Visitors from Asia prefer Myeongdong, one of the capital’s main shopping districts, while European and American tourists are most impressed by royal palaces, according to the paper [...]

Foreign, Domestic Entities Benchmark Hwacheon Sancheoneo Ice Festival

Foreign, Domestic Entities Benchmark Hwacheon Sancheoneo Ice Festival

HWACHEON, Jan. 24 (Korea Bizwire) — With the 2019 Hwacheon Sancheoneo (mountain trout) Ice Festival continuing to attract a significant number of visitors every day, both domestic and international agencies are seeking to follow suit. According to Hwacheon-gun in Gangwon Province, officials from the city of Norilsk in Russia will be visiting the festival between [...]