S. Koreans among world's biggest spenders on vacations, now turning back on Japan


한국, 세계 여행 ‘큰 손’ 6위… 이제 “국내여행 활성화 나서야”

South Koreans like splashing their hard-earned cash while they vacation abroad.
Data show they’re among the top ten spenders on a global scale of nationalities.
But that money may soon be flowing into vacation spots here,… as Tokyo’s trade curbs have prompted many South Koreans to turn their back on traveling to Japan.
Oh Soo-young has more.
South Korean travelers are the world’s sixth biggest spenders when they travel abroad,… with many opting to vacation outside Korea… but they may soon be opening their wallets at local attractions.
According to Mastercard on Monday, South Koreans are now among the top ten nationalities that spend the most when traveling overseas,… a jump from ten years ago when they ranked 12th.
American and Chinese travelers top the list.
Japanese travelers ranked seventh, followed by Canadians, Russians and Taiwanese.
South Korea has seen its number of outbound travelers increase every year,… with overseas tourist spending hitting a record 32-billion U.S. dollars in 2018,… according to the Bank of Korea.
Some five billion dollars is expected to have flowed into Japan,… the travel destination of choice for more than seven-and-a-half million, or one in three South Korean travelers last year.
They were the second largest group of visitors to Japan by nationality, after the Chinese.
However, with growing bilateral trade tensions sparked by the Abe administration’s export restrictions on South Korea,… more and more South Koreans have been cancelling trips to Japan.
Instead, they may soon be looking to vacation within Korea.
President Moon Jae-in strongly encouraged Koreans on Monday to travel domestically instead of flying overseas,… to support local tourism.
With a sore lack of domestic travelers,… Korea’s tourism deficit amounts to some 13 billion dollars,… with the industry amounting for a mere two-point-seven percent of GDP.
There, lies the potential to grow the industry into a booming sector.
The country is home to scenic mountains, islands and exquisite cultural sites that have been recognized as outstanding World Heritage Sites,… most recently Seowons,… which are traditional academic facilities boasting quaint wooden verandas surrounded by botanical gardens.
Nearly 30 million Koreans,… more than half the population,… travelled abroad last year.
Oh Soo-young, Arirang News.

#SouthKoreans #world #biggest #spenders #vacations

#turningback

Arirang News Facebook:
South Koreans like splashing their
hard-earned cash while they vacation abroad data shows they're among the top
ten spenders on a global scale of nationalities but that money may soon be
flowing into vacation spots here as Tokyo's trade curbs have prompted a
great many South Koreans to turn their back on traveling to Japan Ocean has
this report South Korean travelers are the world's
six biggest spenders when they travel abroad with many opting to vacation
outside Korea but they may soon be opening their wallets at local
attractions according to MasterCard on Monday South
Koreans are now among the top 10 nationalities that spend the most when
traveling overseas a jump from ten years ago when they ranked 12th American and
Chinese travelers topped the list Japanese travelers ranked seventh
followed by Canadians Russians and Taiwanese South Korea has seen its
number of outbound travelers increase every year with overseas tourists
spending hitting a record 32 billion u.s. dollars in 2018 according to the
Bank of Korea some five billion dollars is expected to have flowed into Japan
the travel destination of choice for more than seven and a half million or
one in three South Korean travelers last year they were the second largest group
of visitors to Japan by nationality after the Chinese however with grown
bilateral trade tensions spot by the Obey administration's export
restrictions on South Korea more and more South Koreans have been canceling
trips to Japan instead they may soon be looking to vacation within Korea
president lyndon strongly encouraged Koreans on Monday to travel domestically
instead of flying overseas to support local tourism with a soar lack of
domestic travelers Korea's tourism deficit amounts to some thirteen billion
dollars with the industry amounting for a mere 2.7 percent of the GDP and there
lies the potential to grow the industry into a booming sector the country is
home to scenic mountains islands and exquisite cultural sites that have been
recognized as outstanding world heritage sites
most recently sehorne's which are traditional academic facilities boasting
quaint wooden verandas surrounded by Botanica
odin's nearly 30 million Koreans more than half the population travelled
abroad last year Oh Sooyoung Arirang news

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