SEOUL, Jun. 22 (Korea Bizwire) — Wealthy tourists from the Middle East spent the most in South Korea last year, a new tourism report has revealed. According to the Korea Culture and Tourism Institute, Middle Eastern tourists spent an average of approximately $2,593 last year, amounting to nearly 3 million won when exchanged to Korean won, [...]
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 [...]
SEOUL, Oct. 31 (Korea Bizwire) – Thanks to the increasing Chinese tourists to Korea, the tourism balance of payments turned to the black for the first time in 28 months in September. Besides, Korea earned a record income from tourism during the month surpassing the US$1.7 billion mark also for the first time. According to [...]
![[Kobiz Stats] Demand-Supply Prospect of Accommodations in Seoul and Metropolitan](http://koreabizwire.com/wp/wp-content/uploads/2014/04/관광호텔수급현황-영문-1.jpg "[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 [...]
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 [...]