logo
Possible 10-day October break in Korea fuels record travel rush, divides opinion on economic benefits

Possible 10-day October break in Korea fuels record travel rush, divides opinion on economic benefits

Korea Herald2 days ago
A rare alignment of three national holidays, including the Chuseok autumn harvest festival, could give South Koreans a rare 10-day stretch off in October, if the government designates Friday, Oct. 10, as a temporary public holiday.
The possibility has already sent overseas travel bookings and airfares soaring, even as business groups and policymakers warn that such a move may drain money out of the local economy rather than boost it.
The government has not taken any official position on adding the extra day off. Still, travel demand has surged in anticipation.
In October, there is already a seven-day holiday from Oct. 3, starting with National Foundation Day, followed by the Chuseok holiday from Oct. 4 to 7, a substitute holiday on Oct. 8, and Hangeul Day on Oct 9.
If Oct. 10 is included, the weekend of Oct. 11–12 would extend the break to 10 days, making it South Korea's longest public holiday since 2017.
According to a local travel agency Kyowon Your Travel Easy, overseas bookings for Oct. 3–9 are up 28.7 percent compared with the Chuseok period in September last year. The agency said popular destinations include Japan, Vietnam, Taiwan and other Southeast Asian countries.
Airlines are responding with large-scale capacity increases. Jeju Air plans 234 additional international flights, adding more than 42,000 seats, while Jin Air, T'way Air, Eastar Jet and Air Busan are also expanding routes, particularly to Japan and Southeast Asia.
Flight prices have climbed sharply. Skyscanner data show round-trip tickets from Seoul to Da Nang, Vietnam, which could once be found earlier in the year for around 200,000 won ($140), now range from 600,000 won to 1.2 million won ($430–$860). Direct flights to New York are selling for around 3 million won ($2,160).
Domestic tourism is also feeling the effect. Local media reports hotel bookings in Jeju and other major destinations are already over 90 percent for the holiday week.
Incheon International Airport Corp. said on Aug. 6 it expects international passenger numbers during the early October holiday period to surpass the current record of 2.14 million set during this year's Seollal New Year holiday.
Economic data from earlier this year is feeding doubts about the plan. During the Seollal New Year holiday in January 2025, when an extra day off created a six-day break, outbound travel rose to 2.97 million people, up 7.3 percent from 2024.
Statistics Korea's Nowcast data shows domestic credit card spending during the January break fell 34 percent compared with the previous week. The National Assembly Research Service reported in June that recent temporary public holidays have shown limited benefits for domestic demand while cutting production and exports.
There are also equity concerns. Businesses with fewer than five employees, which employ about 35 percent of South Korea's workforce, are not required by law to grant temporary public holidays. Schools could also face schedule disruptions, as many plan midterm exams shortly after Chuseok.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Domestic spending rebounds as policy efforts take hold
Domestic spending rebounds as policy efforts take hold

Korea Herald

time7 hours ago

  • Korea Herald

Domestic spending rebounds as policy efforts take hold

The South Korean government said efforts to revive domestic demand may be taking hold, with credit card spending posting a sharp rise in July. In its latest monthly economic assessment, the Green Book, the Ministry of Economy and Finance highlighted signs of recovery as policy measures begin to take effect, helping offset persistent risks that have pressured growth. 'Recently, our economy has continued to face concerns over delayed recovery in construction investment, hiring difficulties in vulnerable sectors and potential export slowdowns from US tariffs,' the report said. 'But there are also positive signs for future recovery, such as consumer spending turning upward on the back of policy effects.' Preliminary data showed domestic credit card spending climbed 6.3 percent in July from a year earlier, the fastest growth since February's 6.8 percent gain. The ministry interpreted the rebound as a sign of a broader revival in private consumption, building on last month's improvement in consumer sentiment. In July, the Green Book had flagged sentiment gains as a positive signal, marking a shift from the caution it maintained earlier in the year amid political uncertainty following December's martial law declaration. That brighter backdrop was reflected in headline growth figures. Korea's economy rebounded in the second quarter, expanding 0.6 percent as both domestic demand and net exports recovered, snapping back from a 0.2 percent contraction in the first quarter. To give an impetus to demand, the government has rolled out two supplementary budgets this year aimed at boosting consumption and supporting struggling industries. The second, approved last month, allocated over 13 trillion won ($9.4 billion) for 'livelihood recovery coupons' that will provide cash handouts to all South Koreans. The first batch of stimulus vouchers was distributed in July, with spending reflected in that month's data. Other sectors also showed improvement. Chinese tourist arrivals in July jumped 36.2 percent from a year earlier, the first time growth has exceeded 30 percent since January. The Composite Consumer Sentiment Index rose for a fourth month to 110.8 in July, up 2.1 points from June. A reading above 100 indicates more optimism than pessimism. Still, domestic car sales growth slowed to 2 percent in July from 8 percent in June. 'The government will swiftly implement the supplementary budget and focus all resources on ensuring that the stimulus coupons serve as a catalyst for boosting domestic demand, including consumption and regional economies,' the ministry said, adding it will also commit to guarding against trade risks and supporting companies affected by US tariffs.

Possible 10-day October break in Korea fuels record travel rush, divides opinion on economic benefits
Possible 10-day October break in Korea fuels record travel rush, divides opinion on economic benefits

Korea Herald

time2 days ago

  • Korea Herald

Possible 10-day October break in Korea fuels record travel rush, divides opinion on economic benefits

A rare alignment of three national holidays, including the Chuseok autumn harvest festival, could give South Koreans a rare 10-day stretch off in October, if the government designates Friday, Oct. 10, as a temporary public holiday. The possibility has already sent overseas travel bookings and airfares soaring, even as business groups and policymakers warn that such a move may drain money out of the local economy rather than boost it. The government has not taken any official position on adding the extra day off. Still, travel demand has surged in anticipation. In October, there is already a seven-day holiday from Oct. 3, starting with National Foundation Day, followed by the Chuseok holiday from Oct. 4 to 7, a substitute holiday on Oct. 8, and Hangeul Day on Oct 9. If Oct. 10 is included, the weekend of Oct. 11–12 would extend the break to 10 days, making it South Korea's longest public holiday since 2017. According to a local travel agency Kyowon Your Travel Easy, overseas bookings for Oct. 3–9 are up 28.7 percent compared with the Chuseok period in September last year. The agency said popular destinations include Japan, Vietnam, Taiwan and other Southeast Asian countries. Airlines are responding with large-scale capacity increases. Jeju Air plans 234 additional international flights, adding more than 42,000 seats, while Jin Air, T'way Air, Eastar Jet and Air Busan are also expanding routes, particularly to Japan and Southeast Asia. Flight prices have climbed sharply. Skyscanner data show round-trip tickets from Seoul to Da Nang, Vietnam, which could once be found earlier in the year for around 200,000 won ($140), now range from 600,000 won to 1.2 million won ($430–$860). Direct flights to New York are selling for around 3 million won ($2,160). Domestic tourism is also feeling the effect. Local media reports hotel bookings in Jeju and other major destinations are already over 90 percent for the holiday week. Incheon International Airport Corp. said on Aug. 6 it expects international passenger numbers during the early October holiday period to surpass the current record of 2.14 million set during this year's Seollal New Year holiday. Economic data from earlier this year is feeding doubts about the plan. During the Seollal New Year holiday in January 2025, when an extra day off created a six-day break, outbound travel rose to 2.97 million people, up 7.3 percent from 2024. Statistics Korea's Nowcast data shows domestic credit card spending during the January break fell 34 percent compared with the previous week. The National Assembly Research Service reported in June that recent temporary public holidays have shown limited benefits for domestic demand while cutting production and exports. There are also equity concerns. Businesses with fewer than five employees, which employ about 35 percent of South Korea's workforce, are not required by law to grant temporary public holidays. Schools could also face schedule disruptions, as many plan midterm exams shortly after Chuseok.

Agoda Unveils Top Visa-Free Asian and European Destinations for South Korean Travelers
Agoda Unveils Top Visa-Free Asian and European Destinations for South Korean Travelers

Korea Herald

time2 days ago

  • Korea Herald

Agoda Unveils Top Visa-Free Asian and European Destinations for South Korean Travelers

- Japan, Vietnam, and Thailand top the list in Asia, while Italy, Spain, and France lead the rankings in Europe SEOUL, South Korea, Aug. 12, 2025 /PRNewswire/ -- With summer vacations in full swing and travelers looking ahead to the upcoming long Chuseok holiday, "visa-free travel" is gaining popularity for its convenience and simplicity. Digital travel platform Agoda has revealed a list of the top visa-free destinations in Asia and Europe where South Koreans can stay for over 30 days, based on accommodation searches on Agoda by South Korean travelers during the first five months of 2025. In Asia, Japan ranked first, driven by the continued weakening of the yen, geographic proximity, and expanded flight options. Vietnam, Thailand, Philippines, and Taiwan followed to round out the top five, due to their affordability and accessibility via short-haul flights. Notably, China (+202%) and Kazakhstan (+187%) emerged as trending visa-free destinations in Asia exhibiting the highest growth in interest from South Korean travelers. The increase is attributed to China's newly implemented visa-free entry policy, which was implemented in November 2024. Meanwhile, interest in Central Asia is rising among travelers seeking lesser-known and unique destinations beyond the usual hotspots. In Europe, Italy topped the list, followed by Spain, France, Switzerland, and Germany. Italy's enduring appeal is attributed to its rich historical heritage and vibrant cultural scene. The destination captivates travelers with its breathtaking natural landscapes and diverse culinary experiences. Moreover, it continues to resonate with South Korean travelers, particularly for the chance to explore iconic filming locations from the beloved classic "Roman Holiday," a film cherished by many South Koreans. Jay Lee, Country Director, South Korea at Agoda, said, "As visa-free destinations continue to gain traction thanks to their accessibility and convenience, markets like China and those in Central Asia are emerging as new favorites alongside long-standing popular destinations such as Japan, Vietnam, and destinations in Europe. Agoda is thrilled to support more frictionless travel, making it easier for everyone to explore the world with great deals on accommodations, flights, and activities." With over 6 million holiday properties, 130,000 flight routes, and 300,000 activities available, Agoda makes it easy to plan the visa-free getaway. Visit or download the Agoda mobile app for the best deals.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store