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Foreign Tourists’ Monthly Spending in South Korea Hits Record High in May

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Seoul, June 28 (IANS) Monthly spending by foreign tourists in South Korea reached a record high of over 1.4 trillion won ($911 billion) in May, marking the third consecutive month foreign spending surpassed 1 trillion won, data showed on Sunday.Credit card spending by inbound travellers came to 1.41 trillion won last month, up 73.7 percent from a year earlier, according to the data from the Korea Tourism Organization (KTO), reports Yonhap news agency.Spending by foreign travellers surpassed 1 tr…