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Visitors from Mideast Spend Most Among Foreign Tourists: Poll

Visitors from Mideast Spend Most Among Foreign Tourists: Poll

SEOUL, May 30 (Korea Bizwire) — Middle Eastern tourists were the biggest spenders among foreigners who visited South Korea last year, with their average per capita spending reaching US$2,231.70, a local poll showed Wednesday. According to the 2017 International Visitor Survey conducted by the Ministry of Culture, Sports and Tourism, the figure is down from [...]

Survey Shows Profitability of S. Korean Food Service Firms Abroad Fell Last Year

Survey Shows Profitability of S. Korean Food Service Firms Abroad Fell Last Year

SEOUL, May 30 (Korea Bizwire) — The number of South Korean food service firms in foreign countries rose 2.7 percent in 2017 from a year earlier, but their profitability deteriorated sharply due mainly to stiffer competition, a survey showed Wednesday. The survey released by the Korea Foodservice Industry Research Institute showed that 193 South Korean [...]