
S. Korea s travel account posts surplus for 3rd consecutive month in May: data
Separate government data showed that 1.95 million foreign visitors arrived in South Korea in May, up 19.4 percent from a year earlier, while the number of…
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Summary
Separate government data showed that 1.95 million foreign visitors arrived in South Korea in May, up 19.4 percent from a year earlier, while the number of South Koreans traveling abroad fell 2.1 percent from a year earlier to 2.34 million. Travel income totaled $2.58 billion in May, exceeding travel spending of $2.36 billion. "At the same time, higher airfares stemming from the Middle East conflict have discouraged South Koreans from traveling abroad." (Yonhap).
Furthermore, The travel account recorded a surplus of $220.5 million in May, compared with a deficit of $820.2 million a year earlier, according to data from the Korea Tourism Organization. "Foreign visitor numbers have risen sharply in recent months, driven by the growing popularity of the Korean Wave and the weakening won," said Kim Nam-jo, a professor of tourism at Hanyang University.
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Separate government data showed that 1.95 million foreign visitors arrived in South Korea in May, up 19.4 percent from a year earlier, while the number of South Koreans traveling abroad fell 2.1 percent from a year earlier to 2.34 million.
reliability low1/2 sourcesTravel income totaled $2.58 billion in May, exceeding travel spending of $2.36 billion.
reliability low1/2 sources"At the same time, higher airfares stemming from the Middle East conflict have discouraged South Koreans from traveling abroad." (Yonhap)
reliability low1/2 sourcesThe travel account recorded a surplus of $220.5 million in May, compared with a deficit of $820.2 million a year earlier, according to data from the Korea Tourism Organization.
reliability low1/2 sources"Foreign visitor numbers have risen sharply in recent months, driven by the growing popularity of the Korean Wave and the weakening won," said Kim Nam-jo, a professor of tourism at Hanyang University.
reliability low1/2 sources
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