fallout Archives | Be Korea-savvy

COVID-19 Fallout in Culture, Sports, Tourism Sectors Tops 7 tln Won

SEOUL, July 27 (Korea Bizwire) — Estimated financial losses caused by the new coronavirus in the areas of culture, sports and tourism in South Korea have reached over 7 trillion won (US$5.84 billion), according to the government Monday. In a report submitted to the National Assembly’s culture, tourism and sports committee, the culture ministry estimated [...]

COVID-19 Fallout in Culture Industry Near 150 bln Won in H1

SEOUL, July 15 (Korea Bizwire) — Estimated financial losses caused by the new coronavirus in South Korea’s arts and culture industry reached nearly 150 billion won (US$124.9 million) during the first half of 2020, a report showed Wednesday. In a report assessing the financial damage in the culture industry during the January-June period, the Korea [...]