(Yicai Global) April 17 -- The number of Chinese tourists visiting South Korea in a month exceeded 400,000 for the first time in the past 13 months, the South Korean official data showed, indicating that a thaw in diplomatic relations between the two countries positively impact tourism.
A total of 427,600 Chinese tourists visited South Korea last month, up 16.5 percent from February, exceeding the 400,000 mark for the first time in more than a year, South Korea’s state-run Yonhap News Agency reported today, citing government data.
The number of Chinese tourists visiting the country had been declining following a decision to deploy a US anti-ballistic missile defense system known as Terminal High Altitude Area Defense, or THAAD in South Korea since March 2017, the country's justice ministry said, but added that the latest figures point to a gradual recovery for the first time in over a year.
In March 2017, the number of Chinese visitors to South Korea saw a 40 percent year-on-year drop following the diplomatic crisis.
Although the recovery in the number of Chinese tourists visiting South Korea remains to be seen, the current situation is overall optimistic, a former senior official of South Korea’s ministry of strategy and finance told Yonhap.
China and South Korea agreed to hold a meeting of the joint economic committee in the second half of this month, which will be the first in two years. It is an annual consultation mechanism between the two countries to discuss economic and trade issues. The 22nd meeting of the China-South Korea joint economic committee will take place at the ministry of commerce in Beijing on April 20, South Korea’s foreign ministry said on its website.
Editors: Mevlut Katik