How will China's lifting of group travel ban affect Korea's GDP?
newscatcher
2023-08-25 08:31
How will China's lifting of group travel ban affect Korea's GDP?
Passengers at the arrival hall of Incheon International Airport, west of Seoul. (Yonhap) China's lifting of group tours to South Korea is estimated to lead to 800,000 more travelers and raise Korea's gross domestic product by 0.06 percent this year, the Bank of Korea said Friday.The resumption of group tours is expected to have a significant impact on the recovery of Chinese tourists visiting Korea, considering that about 40 percent of all Chinese tourists were group tourists before the restrictions were put in place, according to an economic outlook report released by Korea's central bank.

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