Tourists walk by stores in Seoul’s shopping district of Myeong-dong, Monday. Yonhap
Korea's travel account posted a surplus for the third consecutive month in May, driven by an increase in foreign visitors, government data showed Sunday.
The travel account recorded a surplus of $220.5 million in May, compared with a deficit of $820.2 million a year earlier, according to data from the Korea Tourism Organization.
It marked the third consecutive monthly surplus since March, when the account recorded a surplus of $263.8 million, snapping a 72-month streak of deficits that began in March 2020.
Travel income totaled $2.58 billion in May, exceeding travel spending of $2.36 billion.
