South Korea’s tourism deficit hits record in January on increased outbound tourism


South Korea’s tourism account deficit hit
a record high in January,… as more people traveled out of the country than came in. According to the Bank of Korea, the deficit
reached two-point-one-six billion U.S. dollars in the first month of 2018. Nearly three million Koreans traveled abroad
in January alone,… up more than 22 percent from the previous year. The number of inbound tourists dropped 22
percent,… despite China’s partial lifting of its ban on group tours to South Korea.

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