Korea Culture and Tourism Institute Archives | Be Korea-savvy
Korea’s Duty-free Shop Sales Surge on Increased Tourists in 2014

Korea’s Duty-free Shop Sales Surge on Increased Tourists in 2014

SEJONG, March 31 (Korea Bizwire) — South Korea’s duty-free shop sales surged 21.6 percent on-year in 2014, the finance ministry said Tuesday, thanks to the steady rise in foreign travelers. Data sent by the ministry to the National Assembly showed sales by the 43 duty-free shops in the country hitting 8.3 trillion won (US$7.5 billion) last [...]

[Kobiz Stats] Demand-Supply Prospect of Accommodations in Seoul and Metropolitan

[Kobiz Stats] Demand-Supply Prospect of Accommodations in Seoul and Metropolitan

[Related Article] Budget Hotels Are Scarce in the Midst of Luxury Hotel Glut in Seoul (Korea Bizwire, April 4) In an era in which 12 million foreign visitors come to Korea, either relaxing or lifting a regulation prohibiting construction of hotels near school zones has become a pressing matter; however, budget hotels that are most [...]

Budget Hotels Are Scarce in the Midst of Luxury Hotel Glut in Seoul

Budget Hotels Are Scarce in the Midst of Luxury Hotel Glut in Seoul

SEOUL, Korea, April 4 (Korea Bizwire) – In an era in which 12 million foreign visitors come to Korea a year, either relaxing or lifting a regulation prohibiting construction of hotels near school zones has become a pressing matter; however, budget hotels that are most needed to accommodate tourists are not in the spotlight in [...]