Korean tourism and retail sector Loading... : Investor Sentiment and Bull/Bear Views
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08:41
Jun 18
Jun 18
Chinese tourists splurge in Korea again
Foreign tourist card spending in Korea surpassed 2 trillion won for the first time, driven by Chinese tourists whose spending surged 214% YoY. Spending is concentrated in pharmacies (up 206%), department stores (up 89%), luxury boutiques, watches/jewelry, cosmetics, and fashion. Favorable exchange rates make Korea an attractive destination for Chinese tourists who are redirecting travel away from Japan. Combined with K-fashion and K-beauty trends, the tourism and retail sector outlook is favorable.
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About Korean tourism and retail sector Investor Commentary
Across the available history and selected sources, Buzzberg tracks Korean tourism and retail sector across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Park Se-ik.