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Record-breaking travel deficit in South Korea

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South Korea’s cumulative travel deficit for 2003 broke US$3.4 billion in November, according to the Bank of Korea (BOK). This record high breaks a 19-month deficit. A record-breaking 6.56 million nationals reportedly traveled abroad thus far this year, while 4.89 million foreigners visited South Korea. BOK estimates that the overall trade surplus for 2003 will break US$7 billion.

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