{"id":907024,"date":"2026-09-27T05:26:15","date_gmt":"2026-09-27T05:26:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/907024\/"},"modified":"2026-09-27T05:26:15","modified_gmt":"2026-09-27T05:26:15","slug":"koreas-tourism-balance-swings-to-deficit-in-july-after-4-months-of-surplus","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/907024\/","title":{"rendered":"Korea&#8217;s tourism balance swings to deficit in July after 4 months of surplus"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/b69f61a6-5ff6-49d7-8d85-30c691673bf1.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1247; width: 100%\" alt=\"Tourists visit the Gyeongbok Palace in Seoul, Thursday, for the Chuseok holidays. Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>Tourists visit the Gyeongbok Palace in Seoul, Thursday, for the Chuseok holidays. Yonhap<\/p>\n<p class=\"editor-p\">Korea&#8217;s tourism balance swung back to a deficit in July after posting surpluses for four consecutive months, industry data showed Sunday.<\/p>\n<p class=\"editor-p\">The balance posted a deficit of $50.3 million in July, reversing a surplus of $596.6 million in June, according to the data from the Korea Tourism Organization.<\/p>\n<p class=\"editor-p\">Total tourism spending by Koreans overseas reached $2.67 billion in July, exceeding the $2.62 billion spent by foreign visitors in the country, the data showed.<\/p>\n<p class=\"editor-p\">Korea&#8217;s tourism balance had remained in the red for 72 consecutive months, since March 2020, when the COVID-19 pandemic began to disrupt international travel. It returned to a surplus in March this year and stayed in the black through June before slipping back into a deficit in July.<\/p>\n<p class=\"editor-p\">Market watchers attributed the improvement in the tourism balance earlier this year in part to a series of major K-pop events by supergroup BTS that drew foreign visitors to  Korea while calling for concerted efforts to develop attractive cultural content to draw more foreign travelers.<\/p>\n","protected":false},"excerpt":{"rendered":"Tourists visit the Gyeongbok Palace in Seoul, Thursday, for the Chuseok holidays. Yonhap Korea&#8217;s tourism balance swung back&hellip;\n","protected":false},"author":2,"featured_media":907025,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-907024","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/907024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=907024"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/907024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/907025"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=907024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=907024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=907024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}