Key facts
- Foreign tourist spending in South Korea reached a record 1.41 trillion won in May.
- This spending was up 73.7 percent from a year earlier.
- May marked the third consecutive month that foreign tourist spending surpassed 1 trillion won.
- The spending indicates a stable recovery in the tourism sector.
Foreign tourist spending in South Korea achieved a new record in May, reaching 1.41 trillion won. This figure represents a substantial 73.7 percent increase compared to May of the prior year. The sustained high spending levels are further underscored by this being the third consecutive month where total foreign tourist expenditure surpassed the 1 trillion won mark. This trend points to a stable and ongoing recovery within South Korea's tourism sector. The consistent high spending indicates a strong return of international visitors and their significant economic contribution to the country. The data suggests a healthy rebound in travel and a positive economic outlook for tourism-related businesses.