SEOUL, Aug. 17 (Korea Bizwire) – With an estimated 26,000 workers and volunteers involved in the Olympics and 390,000 guests visiting from all over the world, the lower half of the Korean peninsula has its hands full in preparing for this coming winter. A joint statement released by Gangwon Province and the Ministry of SMEs [...]
SEOUL, June 7 (Korea Bizwire) – The number of South Koreans visiting the Philippines shrank following the imposition of martial law in the Southeast Asian country’s southern region and the recent shooting in Manila, industry sources said Wednesday. Some 400 people have canceled their trips to the Philippines since May 25 at a Seoul-based travel [...]
SEOUL, May 4 (Korea Bizwire) – South Koreans refrained from traveling to China last month and opted to fly to Japan or Southeast Asia instead, industry data showed on Tuesday, as the ongoing diplomatic spat has caused many to become weary of the neighboring country. According to the data by Hana Tour, the country’s No. [...]
SEOUL, April 11 (Korea Bizwire) – South Korea’s global ranking in tourism competitiveness has jumped to 19th this year, backed by an improvement in market openness and infrastructure, a report showed Tuesday. The global ranking of Asia’s fourth-largest economy moved up 10 spots in 2017 compared with two years earlier, tagging along with top tourist [...]
SEOUL, April 4 (Korea Bizwire) – Chinese travelers’ preference for South Korea plunged over the past year, a survey showed Tuesday, apparently from the tension between the two countries over the deployment of a U.S. missile defense system. A poll by Ctrip, a leading online travel services agency in China, ranked South Korea 16th in [...]
SEOUL, March 15 (Korea Bizwire) – South Korea is keeping a close watch on China’s next moves that may work to further hurt its industries, as Beijing’s travel ban to its neighboring country came into effect Wednesday, the latest hostile measure taken in protest of Seoul’s stationing of a U.S. anti-missile system. China-based travel agencies, [...]
SHANGHAI/SEOUL, March 2 (Korea Bizwire) – China has instructed travel agencies in the country to stop selling trips to South Korea, sources said Thursday, in what is seen as another retaliatory move against Seoul’s decision to deploy an advanced U.S. anti-missile defense system. According to industry sources in China, the China National Tourism Administration (CNTA) [...]
SEOUL, Feb. 16 (Korea Bizwire) – The 2017 Korea Travel Expo kicked off Thursday at COEX for a four-day run, featuring over 300 businesses and organizations related to domestic tourism. This year’s expo marks its 14th anniversary, and will include information on travel content in Korea, traditional and modern, lectures by famous travel writers and [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Korea’s aircraft finance sector is likely to grow this year, industry officials said Thursday, amid increased demand from air traffic passengers. Yoo Byung-soo, who handles aircraft finance at KTB Investment & Securities, said he expects the country’s aircraft finance market to reach between 4 trillion won (US$3.5 billion) [...]
TOKYO, Feb. 13 (Korea Bizwire) – The number of Japanese tourists visiting South Korea increased 23.4 percent from a year earlier to 2.30 million in 2016 amid improved relations between the two neighboring countries, marking a reversal from declines for three consecutive years, data showed Monday. According to the Tokyo office of the state-run Korea [...]