travel deficit

South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...

South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...

South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...

South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is seeking to raise about $1 billion in dollar bonds.The chipm...

South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...

Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...

Asiana Airlines Inc. announced on Wednesday that it will conduct a live commerce broadcast in collaboration with China's largest online travel agenc...

The world's first test driving hydrogen-electric tram succeeded in Ulsan, South Korea. According to Ulsan Metropolitan Government officials, th...

South Korea’s semiconductor exports rose in the first 10 days of November, reversing their 13-month downward trend, data show, raising the pro...

Consumer spending in South Korea has been on the decline this year amid few signs of a near-term recovery. But when it comes to overseas spending, i...

The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...

South Korea’s mobility platform operator Socar Inc. has introduced a car-sharing service utilizing generative artificial intelligence in coope...

South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...

The war in Israel and Gaza, which has paralyzed some parts of the Middle East, is also set to put a complete stop to South Koreans’ tours of t...

The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...

South Korea’s major travel agencies, feeling threatened by the rise of online travel agencies on the tourism market, are using their strengths...

South Korea is actively promoting itself as a foodies’ heaven to invite more Japanese tourists who have already contributed the most to the co...

The Korea Economic Daily (KED) on Tuesday released The Purple Road, a tourist guide of South Korea highlighting places where the seven members of ...

Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...

South Korea's Kakao Mobility announced on Tuesday that it is discussing ways to collaborate on building the digital ecosystem with major platform co...

For the first time since Beijing lifted restrictions on group tourism to South Korea, Chinese cruise tourists have flocked to Jeju Island's duty-fre...

South Korea's duty-free stores are over the moon thanks to the resumption of Chinese group tours after a hiatus of six years and five months, with m...

South Korea's leading travel agency Hanatour Service Inc. has launched the location-based travel-specialized open chat service app called "Hana Open...

Paradise City, an integrated resort in Incheon, announced on Monday that it has partnered with China's largest online travel agency Ctrip to introdu...

South Korean food and beverage giant Nongshim Co. saw operating profit in the first half of the year more than double thanks to strong instant noodl...

South Korea's telecom service provider LG Uplus Corp. will start offering travel services at its offline branches. The company on Wednesday said it ...

Osaka, followed by other Japanese cities, is the top international choice for South Korean travelers, while domestically, Jeju Island remains the fa...

Flight routes between South Korea and China, once Korean flag carriers’ most lucrative, have become their white elephant as passengers on the ...

South Korea’s Shinsegae Live Shopping announced on Thursday that it has partnered with Mode Tour to sell travel products to India for the firs...

South Korea's travel app MyRealTrip announced that it partnered with the Japanese accommodation and restaurant reservation platform Ikyu, becoming t...