{"id":20456,"date":"2025-12-16T21:10:38","date_gmt":"2025-12-16T13:10:38","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=20456"},"modified":"2025-12-16T21:10:38","modified_gmt":"2025-12-16T13:10:38","slug":"why-south-korea-is-becoming-chinas-new-bargain-travel-hotspot-amid-japan-spat","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=20456","title":{"rendered":"Why South Korea is becoming China\u2019s new bargain travel hotspot amid Japan spat"},"content":{"rendered":"


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As Chinese tourists pull back from visiting Japan amid a diplomatic row, a slumping won is positioning South Korea as the new bargain destination for mainland travellers, analysts said.<\/p>\n

The Korean won has become Asia\u2019s worst-performing currency in the second half of the year, weighed down by an interest rate gap with the United States and sustained equity outflows to the US market.<\/p>\n

In October, South Korea\u2019s real effective exchange rate plunged to a 16-year low \u2013 falling even further than it did after former president Yoon Suk-yeol declared martial law last December \u2013 according to data from the Bank for International Settlements.<\/p>\n

The Chinese currency gained 9.4 per cent against the won between July 1 and December 16, with the won weakening to 0.0048 against the onshore yuan \u2013 a shift with the potential to reshape regional travel flows.<\/p>\n

\u201cThe weaker won has made South Korea a better-value destination for Chinese travellers at the same time Japan has become politically \u2018expensive\u2019,\u201d said Subramania Bhatt, CEO of the travel marketing and technology firm China Trading Desk.<\/p>\n

China and Japan have been embroiled in a diplomatic row since early November, when Japanese Prime Minister Sanae Takaichi indicated that Tokyo might intervene in the event of an armed conflict in the Taiwan Strait.<\/p>\n<\/div>\n


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