• Bloomberg


South Korean tourists unable to enjoy an overseas summer getaway this year could help plug a hole in domestic spending by dropping some of their holiday cash at home.

If the tens of millions of would-be travelers spend only about a third of their typical overseas holiday budget in country, that could cover the loss in overall private consumption caused by the pandemic, according to a calculation by Bloomberg Economics.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.