Foreign tourist spending in S. Korea tops 2 tr won for 1st time in May

“Monthly spending by foreign tourists in South Korea exceeded 2 trillion won ($1.32 billion) for the first time in May, data showed Wednesday. Credit card spending by inbound travelers reached 2.12 trillion won in May, up 67.1 percent from a year earlier, according to the data from the Korea Tourism Organization. The increase marks the fastest growth rate since 2023. Spending by Chinese tourists more than tripled, compared with the same month last year, the data showed. By sector, shopping record

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