damage Archives | Be Korea-savvy
Damage from China’s Ban on S. Korean Tours Estimated at 7.5 tln won

Damage from China’s Ban on S. Korean Tours Estimated at 7.5 tln won

SEOUL, Dec. 3 (Korea Bizwire) — China’s economic retaliation against South Korea is estimated to have led to some 7.5 trillion won (US$6.8 billion) in losses for the country’s tourism industry, data showed Sunday. According to the data compiled by the National Assembly’s Budget Office, South Korea’s tourism and accommodation industries suffered a sharp decrease [...]