Market Chatter: International Air Passengers at South Korean Airports Jump 9.8% in January-August Period

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Market Chatter: International Air Passengers at South Korean Airports Jump 9.8% in January-August Period

MT Newswires Live12:03

The number of international air passengers using South Korean airports jumped 9.8% year over year to 68.44 million in the January-August period, despite higher oil prices, Yonhap News reported Saturday, citing the transportation ministry.

A weak yen and China's visa-free program for South Korean nationals supported demand, while transit passengers at Incheon International Airport also increased amid the Middle East conflict, the report said.

Passengers on South Korea-Japan routes jumped 20.3% to 21.3 million, while those on South Korea-China routes rose 23% to 13.6 million, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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