Why South Korea is becoming China’s new bargain travel hotspot amid Japan spat

As Chinese tourists pull back from visiting Japan amid a diplomatic row, a slumping won is positioning South Korea as the new bargain destination for mainland travellers, analysts said. The Korean won has become Asia’s worst-performing currency in the second half of the year, weighed down by an interest rate gap with the United States and sustained equity outflows to the US market. In October, South Korea’s real effective exchange rate plunged to a 16-year low – falling even further than it did...