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Foreign Travelers to S. Korea Expected to Have Fallen Below 1 mln Last Year

Foreign Travelers to S. Korea Expected to Have Fallen Below 1 mln Last Year

SEOUL, Jan. 4 (Korea Bizwire) — The number of foreign tourists who visited South Korea last year is expected to have fallen below the 1 million mark due to the prolonged COVID-19 pandemic. The data from the state-run Korea Tourism Organization (KTO) showed 877,000 foreigners visited the country from January to November, down 64.3 percent [...]

S. Korean Performing Arts Scene Sees Revenue Jump Nearly 80 pct in 2021

S. Korean Performing Arts Scene Sees Revenue Jump Nearly 80 pct in 2021

SEOUL, Jan. 3 (Korea Bizwire) — The local performing arts scene saw its revenue soar nearly 80 percent in 2021 from a year earlier, thanks to eased social distancing rules and a rising vaccination rate, data showed Monday. The combined revenue of 12,000 theatrical plays, musicals, classical concerts and other performances reached 307.1 billion won [...]

Retail Sales Up 9.6 pct in Nov. on Major Shopping Event, Eased Antivirus Rules

Retail Sales Up 9.6 pct in Nov. on Major Shopping Event, Eased Antivirus Rules

SEOUL, Dec. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 13.66 trillion won (US$11.54 billion) last [...]