SEOUL, April 9 (Korea Bizwire) — South Korea’s tourism industry took a big hit from the novel coronavirus in February due to a reduction in both inbound and outbound tourism, industry data showed Thursday. Asia’s fourth-largest economy registered a tourism deficit of US$365.2 million in February, down from $927.6 million the previous month, according to [...]
SEOUL, Oct. 17 (Korea Bizwire) — The operation of water taxis on Seoul’s Han River for commuters and tourists has been operating in the red, with an average five people using the service a day in August this year, data released by the Seoul metropolitan government said Thursday. The data, submitted by the National Police [...]
SEOUL, May 11 (Korea Bizwire) – The trade deficit in South Korea’s tourism industry rose to a record high for the past decade in the first quarter, due largely to a void in Chinese visitors following the ban of Korea-bound trip sales by Beijing from mid-March, industry and central bank data showed Thursday. The figure [...]
SEOUL, March 3 (Korea Bizwire) – Coupang, a leading South Korean e-commerce operator, is expected to log mounting operating losses for 2015 as big investments in logistics capacity weighed on the financials of the startup company, industry sources said Thursday. Coupang is expected to log over 400 billion won (US$326.9 million) in operating losses when [...]