Tourists tip the balance

Korea’s tourism balance posted a record surplus for a third straight month in May, driven by a sharp rebound in foreign visitor spending.

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Foreign tourists are seen in Myeong-dong, central Seoul, on July 26. Korea's monthly tourism balance, which had been in deficit for a prolonged period, has rebounded to record a surplus for three consecutive months. The tourism balance in May of this year posted a surplus of $220.5 million, up more than $1 billion compared to the same month last year, which posted a deficit of $820.17 million, according to the Korea Tourism Organization.

Foreign tourists are seen in Myeongdong, central Seoul, on July 26. Korea's monthly tourism balance, which had been in deficit for a prolonged period, has rebounded to record a surplus for three consecutive months. The tourism balance in May of this year posted a surplus of $220.5 million, up more than $1 billion compared to the same month last year, which posted a deficit of $820.2 million, according to the Korea Tourism Organization. 

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