Chinese, Japanese tourists lift Korean retail sales

Korean retailers have made the most of the early May holiday period, as their sales soared with a massive flock of foreign tourists visiting the country. According to Shinsegae Department Store, the sales at the Myeong-dong main store in central Seoul and the Centum City Branch in Busan from May 1 to 5 jumped 359 percent and 298 percent, respectively, from the same period last year. Total sales at all of Shinsegae stores rose about 35 percent on-year. Lotte Department Store said transactions by

By The Korea Herald