POST Online Media Lite Edition


Foreign visitors to South Korea post double-digit fall for first 9 months

Staff Writer |
The number of foreign tourists visiting South Korea posted a double-digit decline for the first nine months of this year as Chinese travelers refrained from touring the country, central bank data showed.

Article continues below

The number of foreigners visiting South Korea was 9.94 million during the January-September period, down 23.5 percent from the same period of last year, according to a Bank of Korea (BOK) report.

It was mainly attributed to the Chinese tourists, who were reluctant to travel to South Korea.

The number for Chinese tourists visiting the country in the cited period tumbled more than 60 percent.

The Chinese people rushed to visit Japan, instead of South Korea, amid the Japanese yen's depreciation to the U.S. dollar.

The yen/dollar exchange rate rose to 111.8 yen per dollar on average this year from 108.8 yen last year.

The number of foreign travelers to Japan reached 21.2 million for the first nine months of this year, up 17.9 percent from the same period of last year, according to the BOK report.

Money spent by foreign tourists in Japan surged 14.7 percent in the cited period, while the money in South Korea dropped 23.6 percent.

What to read next

Foreign direct investment into South Korea jumps 19.3%
South Korea's global car sales decline in August on weak exports
Chinese tourists to Vietnam up 51 percent