South Korea’s hospitality sector faces challenges as political turmoil sparks travel cancellations, raising concerns about safety and tourism recovery.
South Korea’s tourism industry, which contributed ₩84.7 trillion ($59.1 billion) or 3.8% of GDP in 2023, faces new challenges as political unrest deters visitors. The recent six-hour martial law, later rescinded, has led to some trip cancellations and a slight drop in hotel bookings.
Accor Group reported a 5% rise in cancellations, and the Korea Tourism Start-up Association noted declining bookings for early 2025. Hotels in Seoul, previously fully booked, now offer discounts to attract guests. Concerns extend to medical tourism, with some foreign patients cancelling appointments.
The "Korean Wave" of cultural exports and reputation for safety are key to South Korea’s tourism strategy, but ongoing protests could hinder growth in sectors like MICE tourism.
Experts believe the impact may be temporary if stability returns, while others remain optimistic about travel demand, particularly from China, South Korea’s largest visitor source.
Uzbekistan and South Korea are deepening their collaboration on railway development as both countries advance plans for a high-speed passenger rail line connecting Tashkent and Samarkand.
Mongolia’s Mineral Resources and Petroleum Authority and the Korea Gas Safety Corporation signed a Memorandum of Understanding on April 29, 2025, to enhance cooperation on flammable gas safety.
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
South Korea’s Supreme Court reinstated election-law charges against liberal frontrunner Lee Jae-myung on Thursday, suddenly jeopardizing his candidacy in June’s snap presidential election.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
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Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Each year, Italians gather in Monte di Nese to commemorate a little-known World War II tragedy—the massacre of Azerbaijani soldiers who resisted fascist forces in 1945 and paid with their lives for choosing freedom.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
President Donald Trump and U.K. Prime Minister Keir Starmer have reached a trade agreement that lowers U.S. tariffs on British autos, steel, and aluminum, while maintaining a 10% baseline tariff on other goods and boosting American exports of beef and ethanol.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
Each year, Italians gather in Monte di Nese to commemorate a little-known World War II tragedy—the massacre of Azerbaijani soldiers who resisted fascist forces in 1945 and paid with their lives for choosing freedom.
Britain's King Charles has called on the world to work toward lasting peace and preventing future wars during a speech marking the end of four days of events celebrating the 80th anniversary of Victory in Europe (VE) Day.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
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