SEOUL, May 2 (Korea Bizwire) — The incoming government of President-elect Yoon Suk-yeol plans to spend 3 trillion won (US$2.37 billion) for five years from next year to help rehabilitate the tourism industry, which has been hit hard by the prolonged COVID-19 outbreak, the transition team said Monday. The new government will boost the post-COVID-19 [...]
SEOUL, Feb. 27 (Korea Bizwire) – South Korea’s tourism industry has taken a big hit from the novel coronavirus due to a reduction in both inbound and outbound tourism, stoking concerns that more industry players will eventually shut down, market watchers said Thursday. The number of countries imposing entry bans on travelers who recently visited [...]
SEOUL, Feb. 24 (Korea Bizwire) — The tourism industry continues to struggle with the ongoing coronavirus outbreak. The previous Middle East Respiratory Syndrome (MERS) crisis affected only inbound tourists, or foreigners travelling to South Korea. Even then, the tourism industry recovered after around three months. This time, however, the outbreak also affects South Koreans travelling [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s tourism industry is expected to take the hardest hit among local businesses here from the outbreak of the Wuhan coronavirus as citizens cancel their overseas trips, while incoming tourists from China are set to decline sharply, industry sources said Tuesday. More than 100 people have been killed [...]
SEOUL, Jun. 26 (Korea Bizwire) — The number of inbound travelers from countries other than China is expected to surpass the 10 million mark for the first time this year, the government said Tuesday, as it struggles to diversify the country’s tourist portfolio after being hit hard by a diplomatic row between Seoul and Beijing. [...]
SEOUL, Aug. 21 (Korea Bizwire) — The government and private companies alike are moving to accommodate a rise in Muslim tourists who have become a new source of growth for South Korea’s tourism industry that has been hit hard by the departure of Chinese travelers, with calls being made to overcome shortcomings in local infrastructure [...]
SEOUL, Jun. 17 (Korea Bizwire) — As the Ministry of Culture, Sports and Tourism announced that it would compensate a foreign tourist afflicted with the MERS virus in Korea with US$ 3,000, Koreans citizens on SNS are strongly criticizing the government’s policy, saying that the government should firsthand spend its money to stop the virus, [...]
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 [...]