South Korea sees a rebound in number of Chinese tourists: finanace minister

Reuters  |  SEJONG, South Korea 

SEJONG, (Reuters) - South Korea's minister said on Wednesday that there was a rise in the number of Chinese tourists in March although the service sector has not yet recovered from a drop in such visitors due to tensions between the two countries.

"The number of Chinese tourists is noticeably increasing since March, although it hasn't recovered to the pre-Thaad level," told reporters in Sejong, south of

Tourist numbers plunged last year after angered by deploying a U.S. (THAAD) system that features radar which believes could be used to penetrate its territory.

Kim did not cite any numbers showing an increase in March in tourists from

The Bank of estimated earlier that the THAAD backlash knocked 0.4 percentage points off South Korea's economic growth rate in 2017.

(Reporting by Shin-hyung Lee and Cynthia Kim; Editing by Richard Borsuk)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 02 2018. 12:17 IST