SEOUL, Nov. 10 (Korea Bizwire) – A growing number of elder South Korean citizens are traveling abroad, prompting local travel agencies to offer new options to lure affluent seniors with ample leisure time, industry officials said Thursday. The latest trend reflects the changing demographic trend in the rapidly aging society as more baby boomers retire [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s retail and tourism industries are seeking ways to embrace a growing number of independent travelers from China with customized services as Beijing is set to tighten regulations on cheap package tours, industry officials said Monday. Duty-free operators and department stores have stepped up customized marketing targeted at [...]
SEOUL, Nov. 1 (Korea Bizwire) – The Seoul Metropolitan Government and Seoul Tourism Organization launched Tuesday One More Trip (www.onemoretrip.net), an integrated platform connecting tourists with some of the most unique experiences in Seoul and its nearby cities. According to officials, the new website will allow visitors to search for tourism and culture content that [...]
SEOUL, Oct. 25 (Korea Bizwire) – The Chinese government has been moving to tighten regulations on cheap tour packages, raising concerns among South Korean businesses relying on the biggest source of travel income, industry officials said Tuesday. Earlier this month, the China National Tourism Administration (CNTA) said it will closely look into “irrationally” cheap travel [...]
SEOUL, Oct. 25 (Korea Bizwire) – Recent study data from the Ministry of Culture, Sports and Tourism has revealed that Seoul lacks mid-priced accommodations while the city has an excess supply of high-priced and budget hotels. The study focused on lodging installations in Seoul, divided into four price categories: high-priced (over 200,000 won, $175.80), mid-to-high [...]
PYEONGTAEK, South Korea, Oct. 14 (Korea Bizwire) – A massive Chinatown to be established in Pyeongtaek’s Yellow Sea Free Economic Zone (YSFEZ) is finally picking up steam. According to China Castle, the project’s special purpose company (SPC), 50 billion won ($44 million) in capital has been secured, which should allow the venture to take off [...]
SEOUL, Oct. 12 (Korea Bizwire) – Wednesday’s parliamentary audit brought to light the revelation that Korean travel agencies are offering holiday packages to countries with government-designated travel alerts, with some calling for government intervention to safeguard citizens. There are currently four levels of travel alerts issued by the Ministry of Foreign Affairs: Purple (areas needing [...]
SEOUL, Oct. 10 (Korea Bizwire) – The Ministry of Culture, Sports & Tourism and the Korea Tourism Organization is operating what is being called a “Souvenir Truck”, visiting Seoul’s most renowned tourist attractions. The venture took off on September 30 at the east plaza of COEX (Convention and Exhibition Center), to mark the start of [...]
SEOUL, Oct. 10 (Korea Bizwire) – Sales at major South Korean department stores increased during this fall’s nationwide shopping festival compared with a similar event last year as more retailers and manufacturers offered wider options for customers, industry officials said Monday. The “Korea Sale Festa” is the government-led sales event held from Sept. 29 [...]
SEOUL, Sept. 20 (Korea Bizwire) – The number of elderly travelers vacationing overseas is steadily increasing as the Korean population starts to age. According to Hana Tour, among the country’s leading travel agencies, the number of overseas travelers in their 60s during the first half of 2016 was 175,000, a 71.5 percent increase from 110,000 [...]