Chinese Travelers Rare Bright Spot for Korean Department Stores

SEOUL, Feb. 22 (Korea Bizwire) – Chinese travelers have emerged as one of the few bright spots for Korean department stores suffering from dull domestic consumption, prompting an all-out fight to attract deep-pocketed clients, industry officials said Monday. Sales at department stores inched down 0.4 percent on-year to 29.22 trillion won (US$23.69 billion) in 2015, [...]