travel account deficit

South Korea ran a current account deficit in April, swinging from the previous month’s surplus, as Asia’s fourth-largest economy continu...

South Korea’s golf equipment and apparel markets enjoyed a boom during COVID-19. But they are facing a downturn this year amid the growing pop...

South Korea's tourism platform unicorn Yanolja announced on Monday that it will expand its overseas travel services by linking with Traveloka, a ren...

South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the de...

Major South Korean e-commerce companies’ deficits have mounted to a level near their combined funds raised from investors, stoking fears that ...

A survey result indicates an increased interest in travel to Japan compared to pre-No Japan boycott levels, while interest in travel to China has pl...

Foreigners reported a record purchase of South Korean shares despite a global economic slowdown, as money moved from the US and Europe into emerging...

Hanatour Service Inc. announced on Friday the introduction of its beta service, "Travel Information AI," on Friday. The service utilizes artificial ...

In Myeongdong, Seoul’s shopping mecca, on May 14, street vendors were busy soliciting foreign tourists, greeting them in their mother tongues ...

South Korea's tourism platform unicorn Yanolja has acquired Go Global Travel (GGT), an Israel-based company for global business-to-business (B2B) tr...

South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May, data showed on Thur...

South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account that offset continuous ...

South Korea's leading low-cost carrier (LCC) Jeju Air Co. posted record-high performance in the first quarter. Industry analysts say domestic LCCs w...

Samsung Electronics Co., the second-largest player in the global tablet market, is aiming to narrow the gap with industry leader Apple Inc. with its...

Vietnamese tourists splurged the most among foreign visitors to South Korea last year, filling the void left by Chinese travelers shunning Korea sin...

Kia Corp. announced on Wednesday that it will begin taking pre-orders for the "Kia EV9." The EV9 is Kia's second dedicated electric vehicle based on...

The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situ...

Global luxury brand Louis Vuitton will premiere a fashion show in Seoul this weekend, expecting to attract leaders from the global fashion, culture ...

After a hiatus of over three years due to the impact of COVID-19, the flight route between Incheon, South Korea, and Changsha, Hunan, China, has res...

South Korea's Webcash Co. Group announced on Tuesday that it recently launched Wabooks, a Vietnamese version of the AI-powered accounting solution...

Demand for overseas flights in South Korea has exploded since the resumption of air travel operations amid the substantial easing of COVID-19 restri...

The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundamen...

South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...

South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...

The South Korean won has extended its losses against the yen, with the Japanese currency highly sought after as a safe haven asset in the wobbly fin...

"Despite many difficulties early on, we can see tangible results from next year if we overcome such challenges.”Chey Jae-won, CEO and executiv...

South Korea’s liabilities ballooned last year following heavy fiscal spending related to the COVID-19 pandemic to buttress growth in Asia...

The most sought-after luxury items such as Rolex watches and Chanel bags are selling at a much lower premium, or even below their original prices in...

South Korea's exports of instant noodles such as ramen last year exceeded $800 million to break an all-time record.Export data released on Thursday ...

South Korea's SK Ecoplant Co. on Wednesday said that it has entered a business agreement with Aents Inc., a company specializing in carbon accountin...