Yonhap News5/13/2026Business1 min readSouth Korea
S. Korea's Travel Account Balance Posts Surplus for 1st Time in 11 Years; PM Calls for Boosting Domestic Tourism
Quick Look
- South Korea's travel account balance showed a surplus in March for the first time in 11 years, driven by a rise in domestic tourism.
- Prime Minister Kim Min-seok urged the government to leverage this trend to boost the economy, especially as the country prepares to distribute a second round of cash aid to mitigate the impact of high oil prices.
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SEOUL, May 13 (Yonhap) -- Prime Minister Kim Min-seok called Wednesday for the government to look for various ways to boost domestic tourism so it can work as a growth engine for the economy, after data showed the country's travel account balance posted a surplus in March for the first time in 11 years. [...] We should study various measures to make K-tourism a growth engine, rather than a one-off phenomenon." Kim also asked officials to put in extra efforts to stabilize prices. [...] "We need to put in our best efforts to manage prices," he said.
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This article was originally published by Yonhap News.
