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 [...]
SEOUL, Aug. 18 (Korea Bizwire) – The number of Chinese tourists (“youke” in Chinese) visiting Korea is rapidly on the rise, with their spending increasing by the year. The Korea Institute for Industrial Economics & Trade said in a report “Impact of Chinese Tourists on Industry and Its Policy Implications” published on August 15 that the [...]
![[China Report] Korea Eyes Chinese Tourists with Deep Pockets Visiting Incheon](http://koreabizwire.com/wp/wp-content/uploads/2014/03/2875827736_2224e426c6_b-800x533.jpg "[China Report] Korea Eyes Chinese Tourists with Deep Pockets Visiting Incheon")
SEOUL, Korea, Mar 20 (Korea Bizwire) – By 2018, an entertainment complex with a casino in it will be open on Yeongjong Island, which is located about 50 kilometers west of Seoul. This will be the centerpiece of Korea’s effort to attract the “youke” (Chinese tourists) based on geographical proximity. On March 18, the Ministry [...]
![[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores](http://koreabizwire.com/wp/wp-content/uploads/2014/02/2014021002708_1.jpg "[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores")
SEOUL, Korea, Feb. 12 (Korea Bizwire) – The spending power of the “youkes” (Chinese terms for tourists) was indeed impressive. During the Spring Festival (Chinese New Year) season between February 1 and 9, the number of Chinese visitors in department stores in Korea was almost three times more than the usual time, with the sales volume [...]
SEOUL, Korea, Feb 1 (Korea Bizwire) – As the Chinese economy grows by leaps and bounds, more Chinese nationals go out and travel the world, opening up their wallet generously. Korea has been one of the biggest beneficiaries of this trend, hosting more than 4 million tourists last year from the neighboring country. The number [...]