Economic Data Rolling Over, Distress Funds Circling
By Benjamin J. Butler
Seoul, South Korea
I am quite astonished by the number of Chinese wandering around Seoul at this time of year. I guess the culture here is closer than that of Europe and the US, and that’s why there has been a bit of a shift in their focus. The department stores are full of Chinese, and it's not just lining up for Louis Vuitton handbags. The food sections are popular – I guess they can find food that is closer to their normal diet, but healthier and safer. Tourist numbers from China to Korea are up 58% year over year last month to 517,000. Numbers to Japan are up 160% year over year to 359,000. Spring has arrived in the last week and it won’t be long before the cherry Blossoms – or Sakura – emerge in both Korea and Japan. Last year I was in Japan and most ... Log in or subscribe to continue reading.
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