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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Weak won attracts tourists, keeps Koreans at home: government data AFP - 2 hours 10 minutes ago SEOUL (AFP) - - South Korea's travel account deficit drastically narrowed last year as the weaker won attracted more foreign tourists while preventing many Koreans from travelling abroad, according to the latest government data. The country's travel account shortfall fell to less than one third from 10.1 billion dollars in 2007 to 3.1 billion dollars in 2008, according to figures released by the Ministry of Culture, Sports and Tourism. Foreign tourists spent 9.3 billion dollars here in 2008, up 61.3 percent from the previous year, as South Koreans' spending on overseas travel slumped 22 percent to 12.4 billion dollars. Per-capita spending here by foreign tourists jumped to 1,740 dollars last year, up from an average 907 dollars over the three previous years. The won weakened to an average 1,373.84 to the dollar in December last year from 930.24 won a year earlier. A total of 6.89 million foreigners visited South Korea last year, up 6.9 percent from 2007. But the number of Koreans traveling overseas fell 13 percent to 12 million, the first decrease since 2003. Japan topped the list with 2.38 million tourists visiting here last year, followed by China (1.17 million) and the US (610,000). Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China vice president urges Macau to diversify: reportsAFP - 1 hour 23 minutes ago Subdued Detroit auto show to focus on going greenAFP - 2 hours 1 minute ago Weak won attracts tourists, keeps Koreans at home: government dataAFP - 2 hours 10 minutes ago Small business woes have big impact on economyAP - 2 hours 13 minutes ago Related Articles: Business Canon had slow holiday sales, sees rough 2009Reuters - 24 minutes ago US-BUSINESS SummaryReuters - 28 minutes ago Rouble to be volatile, rebound in 2009 - Cen BankReuters - 29 minutes ago AirAsia X eyes Japan after Tokyo relaxes tough visa ruleAFP - 32 minutes ago Russia devalues rouble on 1st trading day of 2009Reuters - 35 minutes ago Enlarge Photo Weak won attracts tourists, keeps Koreans at home: government data Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Is Tintin gay? Cartoon birthday boy dogged by rumours Citigroup: 2-billion-dollar exposure to LyondellBasell Half the planet could be hit by food crisis by 2100: study Marks & Spencer to axe 1,230 jobs and close 27 stores Finance fights sex for Aussie dictionary honour View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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