Busan's department stores cash in on record foreign visitor numbers

Foreign tourists are pouring into South Korea's second-largest city in record numbers, and the city's department stores are cashing in, with some branches posting sales growth that outpaces Seoul's retailers. Busan welcomed nearly 1.94 million foreign visitors between January and May, a 40 percent jump from a year earlier and nearly double the national growth rate, according to city data on Friday. Foreign visitor spending hit 132.2 billion won ($89 million) in May alone, second only to Seoul na

By The Korea Herald