Report

Korea Tourism: Outbound modest, inbound sluggish

- The number of outbound travelers continued to rise steadily, up 14.5% YoY to 2.39mn in July. Chinabound

travel continued to slide due to the THAAD issue but the pace of decline is slowing.

- Inbound visitors fell 40.8% YoY in July. Beijing’s ban on group tour sales to Korea led to a 69.3% YoY drop

in Chinese inbound travelers to 280,000, which was the major reason for the slower inbound tourism.

- Continued threats from North Korea cooled sentiment over trips to Korea and Japanese inbound visitors

slid 8.4% YoY to 170,000 in July, following the decline in 2Q17.

Provider
Hyundai Motor Investment & Securities
Hyundai Motor Investment & Securities

Hyundai Motor Investment & Securities is the investment banking arm of the Hyundai Motor Group. The company offers stock brokerage and advisory services; derivative products brokerage and advisory services; wrap account portfolio management services; and VIP wealth management and tax planning, institutional equities, derivatives, and futures brokerage services, as well as sells investment and institutional products. It also provides equity offering, ABS, real estate PF and real estate PF securitization, offshore SOC, structured financing, asset securitization, real estate sales, IPO advisory, and private equity fund and fund management services; and CMA/RP portfolio management and fixed income based investments, as well as involved in the issuance, management, and brokerage of OTC derivatives. In addition, the company offers research services, including macro economic forecasts and stock market outlook, industry overviews and forecasts, fixed income strategies, corporate credit analysis, and valuation analysis. Further, it offers a range of retirement and pension services for individuals and corporate members; portfolios and asset allocation consulting and marketing services; proposing retirement pension plans; contract and payment management services; pension plan advisory and actuarial services; and system development and implementation services, as well as operates call centers for retirement pension services, etc. 

Analysts
Peter Yoo

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