Missile Tension Deters Tourists From Visiting South Korea

Travel to the nation plunged almost 41%

Escalating tension on the Korean peninsula is turning foreign tourists away from South Korea. The number of visitors plunged almost 41 percent in July from a year earlier, the biggest decline since a deadly respiratory virus hit the nation in 2015. While the drop was driven by a slump in Chinese tourism after Beijing banned package tours in retaliation for South Korea deploying theThaad missile shield, the number of visitors from Japan and Europe also slid as geopolitical risk increased, according to the Korea Tourism Organization.

    Before it's here, it's on the Bloomberg Terminal.